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PUBLIC DOCUMENT .... .... No. 9.
FORTY-SECOND ANNUAL REPORT
OF THE
Insurance Commissioner
OF THE
(&ammmtet<dfy ai illassatjjnsttts.
January 1, 1897.
PART I.
FIRE AND MARINE INSURANCE.
BOSTON :
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,
18 Post Office Square.
1897.
27 1897
ft
TABLE OF CONTENTS.
[For Index to companies, see end of Volume.]
COMMISSIONER'S REPORT.
PAGE
Introductory, v
Companies now transacting business, classified, vi
Companies authorized during 1896, vi
Companies admitted since Jan. 1, 1897, vii
Companies ceased to do business during 1896, vii
Companies ceasing to do business since Jan. 1,1S97, viii
The arbitration provision, viii
Restricting companies to lawful ventures, ix
Official examinations, xi
Fire statistics, . xi
Condition of companies in hands of receivers, xiv-xvi
The Fire Marshal's report, xvi
Finances of the department, xvii
Comparative tables, . . . xix
Massachusetts Mutual Fire Insurance Companies :
Comparative Table A, - xxi
Massachusetts Mutual Fire-Marine Insurance Companies :
Comparative Table B, xxi
Massachhsetts Joint-Stock Insurance Companies:
Comparative Table C, xxii
Insurance Companies of Other States :
Comparative Table D, . . . . . . . . . xxiii
United States Branches of Foreign Insurance Companies:
Comparative Table E, xxiv
Aggregates of all the companies, xxv
Massachusetts Business :
Comparative Table F, xxvi
Comparative ratios, xxvi
Table G. — Fire risks written, premiums received and losses incurred in
Massachusetts, xxvii
Statistical tables, xxix
IV TABLE OF CONTENTS.
PAGE
Massachusetts Mutual Fire Insurance Companies:
Table I. — Risks, assets, liabilities and surplus, xxx
Table II. — Gross cash income and expenditures, premiums, losses and
expenses, xxxii
Massachusetts Mutual Fire-Marine Insurance Companies:
Table III. — Guaranty fund, scrip, risks, assets, liabilities and surplus, . xxxiv
Table IV. — Gross cash income and expenditures, premiums, losses and
expenses, xxxiv
Massachusetts Joint-Stock Insurance Companies :
Table V. — Cash capital, risks, assets, liabilities and surplus, . . xxxv
Table VI. — Risks written, premiums received and losses paid, . . xxxvi
lable VII. — Gross cash income and expenditures, expenses and divi-
dends, xxxvii
Insurance Companies of Other States:
Table VIII. — Cash capital, risks, assets, liabilities and surplus, . . xxxviii
Table IX, — Risks written, premiums received and losses paid, . . xliv
Table X. — Gross cash income and expenditures, expenses and divi-
dends, . 1
United States Branches :
Table XI. — Showing deposits, etc., Ivi
Table XII. — Business of 1896, lviii
Massachusetts Business in Detail:
Table XIII Ix
Table XIV. — Receipts and expenditures of the insurance department, . lxv
DETAILED STATEMENTS.
Massachusetts mutual fire companies, 1
Massachusetts mutual marine companies, . . . . . . . . 101
Massachusetts joint-stock fire, marine and fire-marine companies, . . . 107
Fire, marine and fire-marine insurance companies of other States, . . . 127
United States branches of foreign companies, 383
Appendix, 467
Cammonbjraltjj of Utassacfcttsetts.
Insurance Department, Boston, April 5, 1897.
To the Honorable Ike Senate and House of Representatives.
Herewith is submitted, in compliance with the provisions of
law, Part I., relating to fire and marine insurance, of the forty-
second annual report of the Insurance Commissioner.
The history of the past year shows an additional mortality in
the list of the comparatively new mercantile mutual fire insur-
ance companies, concerning which comment was made in the
last annual report. Some of these fell by the way not from
their own erroneous methods or ill-considered practices, but
were carried down by the weight of the misfortunes which
overtook others of their class from ill-advised methods, un-
digested plans and carelessness (to say nothing stronger) of
the management, and by the distrust which had fallen upon
them because of the mad race which had led quite a number of
companies of this class into an unseemly struggle for a wide
volume of business, unaccompanied by the safeguards and dis-
cretion in business management which alone can make this line
of insurance a success. It is exceedingly unfortunate that the
good name which through a long period of years had been borne
by the Massachusetts mutuals should have been smirched by
the record of these comparatively recent events.
The companies now transacting business in Massachusetts are
classified as follows : — ■
VI
KEPORT OF THE
Authorized
prior to
Jan, 1, 1897.
Authorized
since
Jan. 1, 1897.
Massachusetts mutual fire, . .-.
Massachusetts mutual marine, ....
Massachusetts joint stock
Companies of other States, ....
United States branches of foreign companies, .
54
3
6
91
36
1
9
3
190
13
Changes in corporations authorized to transact business in
the Commonwealth since the last report are as follows : —
Companies authorized during the Year 1896.
NAME OF COMPANY.
Location.
Date of Authority.
Home Guaranty Mutual, .
Lowell, ....
January
1.
Business Men's Mutual, .
Boston, . .
January
2.
Teutonia,
New Orleans, La., .
February
8.
National-Standard, .
New York, N. Y., .
March
3.
Schuylkill Fire, . . .
Philadelphia, Pa., .
April
17.
Svea Fire and Life, .
Gothenburg, Sweden, .
April
29.
M i 1 1 e r s' and Manufacturers'
(Mutual Company),
Minneapolis, Minn.,
June
9.
Victoria Fire, . .
New York, N. Y., .
July
7.
Eastern, .
New York, N. Y., .
July
10.
Thuringia,
Erfurt, Germany, .
July
13.
Colonial Assurance, .
New York, N. Y., .
July
31.
Manufacturers' and Merchants',
Pittsburg, Pa.,
July
31.
Empire City Fire,
New York, N. Y., .
August
12.
Helvetia Swiss, ....
St. Gall, Switzerland, .
September
1.
Firemen's, .
Baltimore, Md., .
November
3.
German Fire, ....
Pittsburg, Pa.,
November
4.
Magdeburg Fire, . .
Magdeburg, Germany, .
December
2.
Howard Fire, ....
Baltimore, Md.,
December
31.
INSURANCE COMMISSIONER.
Vll
Companies admitted since Jan. i, 1897.
NAME OF COMPANY - .
Location.
Date of Authority.
Aachen and Munich, .
Insurance Company, State of New
York.
Farmers' Fire,
Harvard Mutual, .
Home Mutual,
Grand Rapids Fire,
Buffalo Commercial,
Merchants' and Manufacturers',
German Alliance, .
Transatlantic,
Reliance Marine, .
Assurance Company of America,
Underwriters at American Lloyds,
Germany, .
New York, .
York, Pa., .
Boston,
San Francisco,
Grand Rapids,
Buffalo,
Baltimore,
New York,
Germany,
England,
New York,
New York,
January 21.
January 21.
January 25.
February 3.
February 12.
February 15.
February 15.
February 25.
February 27.
March 4.
March 9.
March 23.
March 27.
Companies ceasing to do Business during the Year 1896.
NAME OF COMPANY.
Location.
Date.
Remarks.
Winthrop Mutual Fire,
Standard Mutual Fire,
Central Mutual Fire,
Wachusett Mutual Fire,
Milford Mutual Fire,
Excelsior Mutual Fire,
Commerce Mutual Fire,
Equitable Marine, .
New England Mutual
Fire.
Boston, .
Boston, .
Boston, .
Fitchburg,
Milford,
Boston, .
Boston, .
Provincetown,
Boston, .
Jan. 6,
April 14,
May 1,
May 13,
May 26,
June 12,
July 3,
Aug. 19,
Nov. 18,
Reinsured in Scottish
Union and National.
R. D. Weston-Smith,
receiver.
R. D. Weston-Smith,
receiver.
Charles E. Ware, re-
ceiver.
Wendell Williams,
receiver.
Edward I. Baker, re-
ceiver.
Godfrey Morse, re-
ceiver.
Stockholders voted
to dissolve.
Reinsured in Home
Guaranty Mutual.
X
EEPORT OF THE
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INSURANCE COMMISSIONER. XI
The desperate efforts to form some of these new companies
is strikingly illustrated in the case of the Mt. Hope Mutual
Fire Insurance Company of Fall River, which received a charter
in June, 1896, and apparently complied with the requirements
of law in filing the requisite number of applications for insur-
ance, as well as the amount to be insured. An investigation
by this department developed the fact that in numerous cases
no street numbers could be found to correspond with those
given in the applications, gross . over-valuation of property was
not infrequent, while in many instances the parties whose names
were signed denied having applied for the insurance. The cer-
tificate required by law from the commissioner as a prerequisite
to issuing policies was withheld, and thus for the second time
within a short period an evident fraudulent attempt to start a
mutual fire insurance company was frustrated. An effort to
procure an indictment of the officers for making a false oath in
support of this list of applications failed because the affidavit
was not required by law, and therefore did not involve the
crime of perjury. This has been remedied for the future by
the prompt enactment of a new statute by the Legislature of
1897.
Official Examinations.
By the enactment of chapter 335, Acts of 1896, this depart-
ment was allowed an examiner ; and in July Mr. Frank H.
Hardison, having been appointed in accordance with the terms
of the law, entered upon the discharge of the duties of this
position. The serious illness of the commissioner brought
about his enforced absence from the department for quite a
period during the year, but the opportune passage of the above
law fortunately gave such additional assistance to the depart-
ment that all of the triennial examinations falling due within
the year were completed.
Fire Statistics.
Upon the suggestion of the commissioner the Legislature has
this year repealed so much of the insurance laws as required
the furnishing of blanks to town and city officials for making
returns of fires, this duty having been, by a previous statute,
XII REPORT OF THE
transferred to the office of Fire Marshal of the Commonwealth.
In this connection it may be pertinent to review somewhat the
history of the collection of fire statistics in Massachusetts. In
the twenty-first annual report of this department for the year
1875 the then Insurance Commissioner — Hon. Stephen H.
Rhodes — said : —
The opportunity to obtain statistics of great value to insurers and
insured offered by the taking of the industrial statistics and decennial
census was not overlooked by the commissioner. By arrangement
with the chief of the bureau having the matter in charge, a number
of questions, relating to the manufacturing business of the State,
were inserted in the blanks furnished to the enumerators, the replies
to which have been drawn off upon separate slips, and the same are
now in the possession of the insurance department. The practical
use which it is proposed to make of these statistics is that blanks will
be prepared and forwarded to the different engineers of fire depart-
ments and to selectmen or clerks of towns, with the request that they
will insert in the same such information as may be readily obtained
in relation to fires which have occurred during the year, and forward
the same to this department.
Such statistics, continued a series of years, would be of great
value. There may be some question as to the practicabilit}^ of at-
tempting to obtain minute details in regard to the various risks, such,
for instance, as are necessary to an insurance company for the suc-
cessful prosecution of its business ; but the principal facts in relation
thereto may be obtained annually, without serious inconvenience to
any public officer, and at little expense. If the assessors of cities
and towns were required by statute to return to the Insurance Com-
missioner, annually in the month of October, upon blanks furnished
by him, a schedule of all the manufacturing risks in their several
localities, giving the construction of buildings (brick or frame), the
power used (steam, water or hand) , and values of buildings, machinery
and stock, no great burden would be imposed, as these officers could
obtain the necessary information with but little extra labor. The
facts once obtained, and schedules thereof prepared, the annual
changes would be very slight.
A statute to this effect might contain a further provision for the
rendering, by the proper authorities, of an annual statement of the
fires occurring during the year. In localities where there is a fire
department, these facts are always matters of record. Where no
such organization exists, the information may be easily obtained.
The commissioner respectfully suggests that this subject is worthy
INSURANCE COMMISSIONER. XI 11
of the most careful consideration by the Legislature, and he unhesi-
tatingly recommends the enactment of a law which shall provide for
an annual return of all available facts relating to the manufacturing
business of this State in its connection with the business of insurance.
There is, apparently, no other way by which these statistics can be
obtained. The classifications of the insurance companies are limited
to insured property, whereas the property not insured is an important
element in determining the cost of insurance. The annihilation of
property by fire is a very serious obstacle to the progress both of our
State and of the nation, and all practicable measures for reducing
this fearful annual loss should be adopted.
The year following the first statistics of fires were published
in the supplement to the twenty-second annual report, and the
Legislature was again urged to require by law that which was
then voluntarily furnished ; and in 1878 chapter 104 was en-
acted, being the first legal authority requiring the statistics
that have since become of vital importance, and the value of
which has become recognized throughout the entire country.
From year to year the work has been continued, and the
reports of this department show with what detail and thorough-
ness these statistics have been compiled.
It finally became evident that only through a bureau estab-
lished for this special purpose could the best results be obtained,
not only in the procurement of statistics as to fires, but in the
matter of investigation and punishment of incendiarism ; and
upon the recommendation of the commissioner there was created
by the Legislature the office of Fire Marshal of the Common-
wealth, a position which for several years theretofore had
existed in the city of Boston. The collection of these statis-
tics was committed to that bureau, with the provision that the
Marshal should annually report to the Insurance Commissioner,
and the material portions of such report should be embodied in
that of the last-named official. The credit of having first
inaugurated this important series of reports, the earliest of
the kind in the country, should be given to Mr. Rhodes.
The following affords a brief statement as to the condition
of the various Massachusetts companies now in the hands of
receivers : —
XIV REPORT OF THE
Suffolk Mutual Fire, placed in the hands of James E. Davis,
65 Mason building, Boston, as receiver, March 22, 1895.
[Receiver reports that all approved claims against the company except
return premiums have been paid in full. Cash on hand, $16,378.82.
Application has been made to the court for authority to pay return
premiums, to pay for services of receiver, and to distribute the
residue of the funds among persons who paid the assessment in
full.]
Commonwealth Mutual Fire, placed in the hands of William
B. Stevens, 209 Washington Street, Boston, as receiver, May
28, 1895.
[Receiver reports that the amount of the assessment for 1250,000, col-
lected up to March 25, 1897, was $57,623.74. Two claims which
had been in dispute have been settled, creditors have received a
dividend of 50 per cent., and a balance of $ 16,887.86 is in the hands
of the receiver, who is still making collections. It is estimated
that 75 per cent, of the assessment upon Massachusetts policy
holders has been paid. Test suits are to be brought in Kew York,
and, if successful, the receiver expects to be able to pay the com-
pany's liabilities in full.]
Patrons Mutual Fire, placed in the hands of Robert H. Leland,
209 Washington Street, Boston, as receiver, Nov. 14, 1895.
[Receiver reported March 25, 1897, that his total receipts to date were
$8,639.26, and that he had paid out for losses and expenses $5,300.37.
Amount of claims unpaid not barred, about $300. The assessment
for $20,000 was levied June 1, 1896, and receiver expects to make
further collections and be able to pay a considerable dividend.]
Melrose Mutual Fire, placed in the hands of Alpheus San-
ford, 70 Kilby Street, Boston, as receiver, Nov. 26, 1895.
[The receiver declares an assessment of $43,420.77 necessary to secure
sufficient funds to meet the liabilities of the company, amounting
to $10,233.80 plus the expenses of the receivership, and has asked
the court to affirm an assessment computed on that basis James
Russell Reid was appointed auditor to report upon matters j)er-
taining to the assessment, and has filed his finding affirming the
estimates of the receiver.]
Colonial Mutual Fire, placed in the hands of W. O. Under-
wood, 50 State Street, Boston, as receiver, Dec. 23, 1895.
[Receiver reports that an assessment of $30,000 has been levied by
order of the court, issued March 2, 1897, and that up to April 1
$4,073.06 had been collected. Time for proving claims expired
January 15, and those which have been proved and allowed
amount to $15,169.40. A claim for $1,100 for a loss is in litigation,
and not included above. A dividend of 50 percent, has been paid,
and the cash in hands of receiver April 1 was f9,327.56. It is
expected all claims will be paid in full.]
INSURANCE COMMISSIONER. XV
Bay State Mutual Fire, placed in the hands of Herbert
Parker, Worcester, as receiver, Dec. 28, 1895.
[Receiver reported March 26, 1897, that he is waiting the filing of the
report of the auditor appointed by the court upon questions per-
taining to the revision of the former assessment made by officers
of the company. The assets in the hands of the receiver are about
$1,800. About $26,000 will be required to liquidate present debts
and obligations and pay the expenses of the receivership.]
Standard Mutual Fire, placed in the hands of R. D. Weston-
Smith, 53 State Street, Boston, as receiver, April 14, 1896.
[Receiver reports that compromise agreements have been made with
creditors, so that no assessment will be necessary. Assets in hands
of receiver, $17,354.07. Expenses of receivership, about $2,000.]
Central Mutual Fire, placed in the hands of R. D. Wes-
ton-Smith, 53 State Street, Boston, as receiver, May 1,
1896.
[Receiver reports that no assessment upon the policy holders will be
necessary, as compromise agreements have been effected with the
creditors, by virtue of which the $-4,511.41 in the hands of receiver
will be sufficient to pay claims and expenses of receivership.]
Wachusett Mutual Fire, placed in the hands of Charles E.
Ware, Fitchburg, as receiver, May 13, 1896.
[Receiver reports liabilities of about $27,787 and assets of $14,966.
There are, besides, a few extremely doubtful assets in the form of
old accounts due for premiums and for reinsurance. The liabili-
ties also are exclusive of legal and receiver's expenses and charges.
A lawsuit is pending against the company on a claim for $7,500,
and a proposition for a compromise settlement of all claims is
under consideration.]
Excelsior Mutual Fire, placed in the hands of Edward I.
Baker, 53 State Street, Boston, as receiver, June 12, 1896.
[Receiver reported March 25, 1897, that he had a balance of cash on
hand amounting to $2,208.45. The claims proved and allowed to
date amounted to $1,203.66. The time for proving claims has not
yet expired.]
Commerce Mutual Fire, placed in the hands of Godfrey
Morse, 53 State Street, Boston, as receiver, July 3, 1896.
[Receiver reports that by decree of the supreme court an assessment
of $4,000 has been ordered to meet liabilities off 1,782.08, together
with estimated expenses of $700. March 25, 1897, the collections
had amounted to about $900.]
XVI REPORT OF THE
Eastern Mutual Fire, placed in the hands of Fred H. Kidder,
82 Devonshire Street, Boston, as receiver, Feb. 2, 1897.
[Receiver reports that there are so many suits pending, the issue of
which is doubtful, that it is impossible to give a clear idea of the
company's liabilities. As to assets, receiver expects to get in at
least $9,000 or $10,000 in all ; about $5,000 is now on hand.]
Continental Mutual Fire, placed in the hands of Edward I.
Baker, 53 State Street, Boston, as receiver, March 22, 1897.
[The affairs of this company were substantially settled before the ap-
pointment of a receiver, and no further assessment will be neces-
sary.]
Old Colony Mutual, placed in the hands of William B.
French, 53 State Street, Boston, as receiver, March 30, 1897.
[An assessment was laid by the officers of this company in 1896, only
a small portion of which was collected. There are still claims
against the company of about $33,000.]
The Fire Marshal's Report.
The serious illness of the statistician of the Fire Marshal's
office, during the period when the figures and tables are com-
piled, unfortunately prevents the presentation of the detailed
work of that office, and the statistical tables usually published
with this report will be given in a special pamphlet at a later
date. Sufficient, however, is already shown to illustrate the
work of that bureau and its value to the people of Massachu-
setts. Previous to the establishment of the office of Fire
Marshal, in the reports of fires within this Commonwealth the
origin of from 35 to 50 per cent, was stated to be unknown or
incendiary. Last year this was reduced to a percentage of
15. Previous to the beginning of the work of the Fire Mar-
shal the proportion of convictions in this Commonwealth to
reported incendiary and unknown fires was but 1 in every 100.
During last year this ratio of convictions was increased ten-
fold. In the year next prior to the establishment of the above-
named office 18 per cent, of those arrested for incendiarism
were convicted, while in 1896 the convictions were 86 per
cent, of the arrests. Of the persons convicted, one had set
eight fires, two had set forty fires with a loss of one and one-
half million dollars, and one had set twelve fires with a loss of
$100,000. Auother had collected insurance fifteen times upon
INSURANCE COMMISSIONER. XV 11
the same goods. It is safe to say that there are to-day in the
jails of this Commonwealth ten times as many persons con-
victed of incendiarism as were ever before incarcerated for this
crime in a single like period within the Commonwealth of
Massachusetts, and it is probable that, of the cases in which
convictions have been had, ninety per cent, would have escaped
but for the work of the office of the Fire Marshal.
A perusal of the figures establishes beyond controversy the
belief that the work of this office, if carried on upon the plan
heretofore adopted and with the experience thus gained, will
be the means of saving hundreds of thousands of dollars to the
people of Massachusetts in property which would otherwise be
consumed by the depredations of scoundrels who for profit or
for mischief engage in incendiarism within the borders of the
Commonwealth.
Finances of the Department.
The income of the department for the year 1896 was
$59,176.20, as shown in detail by Table XIV., being an
increase of $1,984.34 over the previous year. The total
expenditure was $36,276.96, leaving a surplus revenue accru-
ing to the Commonwealth above the entire cost of carrying on
the insurance department of $22,889.24.
Respectfully submitted,
GEORGE S. MERRILL,
Insurance Commissioner.
COMPARATIVE TABLES.
Comparative Table A. — Massachusetts Mutual Fire Insurance
Companies.
1895.*
1896.t
Increase or
Decrease in 189G.
Assets (including contingent),
$35,083,863
$33,830,785
—$1,253,078
Liabilities, ....
5,822,664
5,297,677
—524,987
Cash surplus, ....
4,672,580
5,179,830
507,250
Income,
6,037,980
5,656,675
—381,305
Expenditures,
6,055,176
5,370,893
—684,283
Risks written,
567,419,209
524,202,443
—43,216,766
Net premiums received,
5,523,716
5,140,393
—383,323
Risks outstanding, .
860,567,630
839,252,547
—21,315,083
Losses paid, ....
1,894,990
1,557,302
—337,688
Losses incurred,
2,219,625
1,292,504
— 927,121
Assessments collected, .
28,428
63,393
34,965
Profits returned,
3,122,764
2,852,246
—270,518
Expenses, ....
1,016,949
943,551
—73,398
* Sixty companies.
| Fifty -four companies.
Comparative Table B. — Massachusetts Mutual Fire- Marine
Insurance Companies.
1895.*
1896.*
Increase or
Decrease in 1S96.
Assets,
$527,269
$551,515
$24,246
Liabilities, .
197,268
249,035
51,767
Surplus,
330,001
302,480
—27,521
Income,
224,884
354,959
130,075
Expenditures,
217,303
326,121
108,818
Risks written, ....
19,501,226
22,563,386
3,062,160
Net premiums received,
215,895
344,556
128,661
Losses paid, ....
146,742
235,709
88,967
Losses incurred,
155,455
255,277
99,822
Risks outstanding, .
7,510,029
8,961,899
1,451,870
Expenses, .
54,678
72,429
17,751
Scrip dividends declared,
-
—
-
Scrip redeemed,
-
-
-
Scrip outstanding, .
656,561
656,561
-
* Two companies.
xxn
EEPORT OF THE
Comparative Table C. — Massachusetts Joint-Stock Insurance
Companies.
1895.
1896.f
Increase or
Decrease in 1S96.
Cash capital,
Assets, .
Liabilities, .
Surplus,
Income,
Expenditures,
Fire risks written,
Fire premiums received (net),
Marine risks written, .
Marine premiums rec'd (net),
Fire losses paid, .
Marine losses paid,
Fire losses incurred,
Marine losses incurred,
Fire risks outstanding,
Marine risks outstanding,
Expenses,
Cash dividends declared,
$3,850,000
9,199,631
3,123,206
6,076,365
3,998,116
3,604,608
252,641.696
2,725,081
60,101,703
921,336
1,441,548
744,897
1,442,341
820,730
380,869,241
9,677,901
1,080,871
337,500
$3,800,000
9,216,264
2,945,380
6,270,884
3,752,358
3,543,202
261,928,207
2,562,687
58,904,178
832,909
1,313,947
724,713
1,272,223
799,254
385,623,767
6,851,354
1,168,339
336,000
—$50,000
16,633
—177,886
194,519
—245,758
—61,406
9,286,511
—162,394
—1,197,525
—88,427
—127,601.
—20,184
—170,118
—21,476
4,754,526
—2,826,547
87,468
—1,500
* Seven companies.
| Sis companies.
INSURANCE COMMISSIONER.
XXlll
Comparative Table D. — Fire and Marine Insurance Companies
of Other States.
* Seventy-nine companies,
t Ninety-one companies.
XXIV
REPORT OF THE
Comparative Table E.
United States Branches of Foreign Com-
panies.
1895.*
1896.f
Increase or
Decrease in 1896.
Deposit capital, .
$7,300,000
, $8,100,000
$800,000
Assets in United States,
58,013,635
60,626,631
2,612,996
Liabilities in United States, .
37,789,529
36,869,288
—920,241
Surplus, ....
20,224,106
23,757,344
3,533,238
Income,
46,868,292
46,806,439
— 61,853
Expenditures,
40,449,791
39,796,528
—653,263
Fire risks written,
5,169,560,329
5,105,588,412
—63,971,917
Fire premiums received (net),
41,013,820
53,624,980
12,611,160
Marine risks written, .
1,363,158,387
1,516,100,265
152,941,878
Marine premiums rec'd (net),
3,788,212
5,479,925
1,691,713
Fire losses paid, .
23,404,845
22,455,814
—949,031
Marine losses paid,
2,412,426
2,569,509
157,083
Fire losses incurred,
22,555,166
21,846,239
—708,927
Marine losses incurred,
2,619,129
2,490,072
—129,057
Fire risks outstanding, .
5,835,923,975
5,945,827,120
109,903,145
Marine risks outstanding, .
77,945,625
86,213,044
8,267,419
Expenses, ....
14,612,519
14,771,205
158,686
* Thirty-two companies.
f Thiny-6ix comp
iniee.
INSURANCE COMMISSIONER.
XXV
Aggregates of all the Companies.
1895.
1896.
Increase or
Decrease in 1896.
Cash capital,
153,120,025
§56,555,875
$3,435,850
Assets (including contingent
of mutual companies).
Liabilities, ....
278,792,332
130,557,889
293,600,063
130,413,987
14,807,731
—143,902
Surplus, ....
123,517,744
139,832,799
16,315,055
Income,
145,731,105
146,381,512
650,407
Expenditures,
131,059,942
129,103,593
—1,956,349
Fire risks written, .
14,593,403,355
14,780,928,104
187,524,749
Fire premiums received (net),
124,399,915
137,711,553
13,311,638
Marine risks written, .
2,789,594,309
2,636,699,783
—152,894,526
Marine premiums rec'd (net),
10,844,484
12,389,335
1,544,851
Fire losses paid, .
67,841,860
65,065,990
—2,775,870
Marine losses paid,
7,848,173
7,376,598
—471,575
Fire losses incurred,
66,789,497
62,914,373
—3,875,124
Marine losses incurred,
8,425,640
6,739,599
—1,686,041
Fire risks outstanding, .
18,462,445,077
18,998,232,475
535,787,398
Marine risks outstanding,
274,629,841
282,822,363
8,192,522
Expenses, ....
45,551,744
46,685,402
1,133,658
Cash dividends declared,
5,252,925
5,867,202
614,277
XXV!
REPORT OF THE
Comparative Table F. — Massachusetts Business.*
1895.
1896.
Increase or
Decrease in 189G.
Fire risks written,
$1,020,680,686
^1,063,078,568
$42,397,882
Fire premiums received,
11,032,012
11,248,934
216,922
Fire losses paid,
4,165,155
4,604,717
439,562
Fire losses incurred,
4,029,954
4,801,014
771,060
Marine risks written,
314,537,634
323,421,805
8,884,17*
Marine premiums received, .
1,832,799
1,808,825
—23,974
Marine losses paid,
1,240,130
1,371,823
131,693
Marine losses incurred,
1,211,101
1,286,656
75,555
* For details of this business see Table XIII.
Comparative Ratios of Table F.
1805.
"BS9S,
Increase
e-r Decrease
in 1898.
Fire premiums received to risks written,
Fire losSes incurred to risks written,
Fire losses incurred to premiums received,
Marine premiums received to risks written,
Marine losses incurred to risks written, .
Marine losses incurred to premiums received,
INSURANCE COMMISSIONER.
XXVll
Table G. — Fire Risks written, Premiums received and Losses
incurred in Massachusetts.
'
Fire Risks Written.
Premiums
Received.
Losses Incurred.
Per Cent, of —
Year.
Premiums
Received to
Risks Written.
Losses
Incurred to
Risks Written.
1873, .
$858,393,129
$10,358,024
$5,184,364
1.21
.60
1874, .
655,056,069
8,253,755
3,676,063
1.26
.56
1875, .
597,478,409
7,232,486
3,221,943
1.21
.54
1876, .
528,211,058
5,974,268
2,738,180
1.13
,52
1877, .
585,928,271
5,998,124
2,572,185
1.02
.44
1878, .
558,019,711
5,506,392
2,438,121
.99
,44
1879, .
520,814,369
5,026,482
, 2,500,451
.96
.48
1880, .
609,132,542
5,479,552
3,005,273
.90
.50
1881, .
642,542,633
5,845,354
2,884,047
.91
.45
1882, .
686,030,272
6,244,053
4,915,949
.91
.72
1883, .
710,197,514
6,896,367
3,763,949
.97
.53
1884, .
655,613,160
7,067,149
3,865,956
1.08
.59
1885, .
661,380,951
7,402,583
3,132,235
1.12
.47
1886, .
694,473,662
7,838,425
3,369,294
1.13
.49
1887, .
765,304,046
8,371,714
3,136,774
1.09
.41
1888, .
832,038,483
8,702,006
4,444,322
1.05
.53
1889, .
825,962,689
8,601,963
9,284,464
1.04
1.12
1890, .
871,117,341
9,039,865
3,798,502
1.04
.44
1891, .
863,343,089
8,719,803
5,104,694
1.01
.59
1892, .
960,872,674
10,006,986
4,140,396
1.04
.43
1893, .
1,030,196,564
10,727,167
8,329,015
1.04
.81
1894, .
986,624,142
10,518,365
5,182,490
1.07
.53
1895, .
1,020,680,686
11,032,012
4,029,954
1.08
.39
1896, .
1,063,078,568
11,248,934
4,604,717
1.06
.43
Totals,
$18,182,490,032
$192,091,829
$99,373,338
1.05
.55
STATISTICAL TABLES.
XXX
REPORT OF THE
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lx
REPORT OF THE
Table XIII. — Massachusetts Business for 1896.
Massachusetts Mutual Fire Companies.
NAME OF COMPANY.
Risks
Written.
Premiums Contingent
Received. Assets.
Losses
Paid.
Losses
Incurred.
Abington, ....
Annisquam, ....
Arkwright
Ashlield, .....
Atlas, . .
$2,065,799
79,625
44,136,991
11,727
1,505,219
$29,458
342,381
59
20,687
$29,458'
5,139
1,711,904
352
$19,418
44,321
9,169
$16,728
43,179
9,169
Attleborough,
Barnstable County,
Berkshire, ....
Boston Manufacturers',
Bristol County,
533,465
1,805,956
2,355,590
51,218,287
503,875
3,039
31,492
31,477
378,926
3,438
6,393
94,477
31,477
1,894,632
24,432
210
9,344
19,339
48,540
567
210
10,594
21,537
48,540
567
Business Men's,
Cambridge, ....
Citizens', ....
Cohasset, ....
Continental, ....
213,350
5,377,035
6,319,757
75,165
185,878
1,864
86,401
82,472
1,194
3,854
3,728
86,401
85,146
3,581
11,563
29,763
29,633
1,001
3,444
28,764
31,938
516
3,534
Cotton and Woolen,
Dedham, .....
Dorchester
Eagle,
Eastern
5,508,179
1,808,261
8,598,101
306,186
480,156
50,530
28,387
134,354
4,699
8,810
252,651
28,387
134,354
14,096
26,431
446
12,540
74,841
4,552
8,553
446
13,091
78,940
7,426
8,317
Essex,
Fall River Manufacturers', .
Fitchburg, ....
Franklin, ....
Oroveland
1,106,508
16,775,496
5,101,736
396,124
310,659
25,954
134,350
73,701
5,772
25,954
671,749
73,701
5,772
21,820
6,598
29,880
50,850
10,643
708
8,783
29,538
43,992
6,510
1,008
Hampshire, ....
Hingham, .
Holyoke,
Home Guaranty, .
Industrial
1,011,008
6,314,904
9,220,582
1,307,320
2,864,439
14,475
93,029
138,452
17,961
24,573
14,475
93,029
138,452
17,961
122,863
7,109
40,731
50,363
4,376
87
7,109
38,930
52,663
4,376
87
Lowell,
Lumber,
Lynn,
Merchants' and Farmers',
Merrimack, ....
2,361,941
708,866
429,472
5,471,079
7,802,042
39,348
15,226
5,962
85,118
119,142
39,348
45,677
11,924
85,118
122,984
10,592
5,107
1,146
35,009
31,779
9,576
5,107
1,203
33,764
36,210
Middlesex, ....
Mutual Fire Assurance,
Mutual Protection,
Newburyport,
Norfolk, .....
10,680,866
1,202,952
962,899
211,075
4,685,633
161,810
16,574
15,457
2,867
69,035
159,865
17,582
15,635
11,659
69,035
50,071
2,343
2,190
22
22,384
51,461
4,558
2,190
44
27,559
Old Colony
Paper Mill, ....
Quincy,
Rubber Manufacturers',
Salem,
132,800
2,876,470
7,584,477
4,279,886
1,517,698
1,823
26,292
113,050
36,317
24,250
5,468
131,462
113,050
181,586
24,250
7,266
1,620
54,646
103
4,674
14,572
1,620
56,552
103
7,786
Salisbury and Amesbury,
Saugus,
South Danvers,
Traders' and Mechanics',
Western Massachusetts,
10,150
1,002,250
158,270
9,214,964
600
85
3,224
143,969
5
850
124,920
9,672
143,969
15
11
5,037
341
69,273
596
11
5,037
341
67,656
Westford, ....
West Newbury,
Worcester Manufacturers', .
Worcester Mutual,
62,225
245,085
17,724,439
10,091,233
437
140,954
137,813
25,541
704,768
144,901
2,702
41 ,682
43,067
2,902
42,135
38,614
Totals, ....
$266,914,750
$2,930,547
$7,819,657
$908,687
$925,493
INSURANCE COMMISSIONER.
lxi
Table XIII. — Massachusetts Business for 1896 — Continued.
Massachusetts Mutual Fire-Marine Companies.
Fire Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Looses
Paid.
Losses
Incurred.
$1,540,561
$18,698 $6,880
$6,856
Marine Business.
$18,376,431
$376,057
$258,809
126
$258,809
$18,376,431
$376,057
$258,935
$258,809
Massachusetts Stock Companies.
Fire Business.
American
Boston Marine,
Firemen's Fire,
Mercantile Fire and Marine, ....
North American
Springfield Fire and Marine,
$4,892,588
2,960,157
7,841,569
8,011,718
12,980,636
16,271,194
$41,940
27,6:«
64,863
69.192
106,146
170,870
$16,900
6,470
17,737
18,444
56,684
67,400
$20,632
9,150
18,622
23.726
56,173
72,236
$52,957,862
$480,644
$183,635
$200,539
Marine Business.
Boston Marine,
Mercantile Fire and Marine,
Totals, .
$31,594,187
5,000
$31,599,187
,018
200
$486,218
$581,353
$581,353
$533,538
$533,538
lxii
REPORT OF THE
Table XIII. — Massachusetts Business for 1896 — Continued.
Companies of Other States.
Fire Business.
Risks
Premiums
Losses
Losses
name of company.
Written.
Received.
Paid.
Incurred.
JEtna,
$28,418,582
$289,478
$137,089
$132,473
Agricultural
10,431,600
91,798
39,164
30.812
Albany
1,548,072
16,041
5,868
7,330
American,
2,760,119
25,151
10,674
10,546
American Central,
1,696,715
21,765
7,166
7,468
American Fire (New York), . . .
6,427,105
81,109
32,192
35,303
American Fire (Philadelphia), .
7,524,387
88.014
42,184
47,105
Armenia,
2,090,472
22,143
5,077
7,361
Assurance Lloyds,
1,250,317
14,667
8,978
8,999
Atlantic Mutual,
-
-
-
-
Buffalo German,
2,284,406
24,180
6.516
5,778
Capital Fire,
3,838,731
51,012
18,032
18,n54
Citizens' (New York),
2,438,131
27,063
6,846
6,845
Citizens' (St. Louis),
660,837
7,820
4,893
5,184
Colonial Assurance,
1,311,780
14,946
1,245
3,067
Commerce,
1,192,533
12,753
6,372
5,793
Commercial Union,
656,543
5,927
757
7*0
Commonwealth, ......
2,908,817
16,194
6,277
6,297
Concordia,
503,400
5,308
3,950
4,350
Connecticut Fire,
9,283,300
109,545
62,597
63,537
Continental,
12,928,987
158,375
62,213
61,676
Delaware
5,158,703
58,861
31,062
34,858
Detroit Fire and Marine, ....
940,407
8,173
2,763
3,002
Eastern,
1,000,436
7,102
3,397
3,397
Equitable Fire and Marine
5,017,380
50,733
17,913
18,977
Empire City,
187,342
1,225
996
-
Farragut Fire,
244,102
3,311
537
537
Fire Association of Philadelphia,
15,706,975
194,989
96,783
97,868
Fire Insurance Co., County of Phila., . .
1,239,807
13,895
4,573
5,657
Firemen's Fund
8,881,356
95,010
45,030
44,458
Firemen's (Baltimore), ....
233,550
2,916
_
_
Firemen's (Newark)
3,111,301
32,959
10,011
10.575
Franklin Fire,
2,437,750
25,255
15,073
17,254
G-erman American,
16,357,454
172,986
67,965
63,085
German Fire,
234,277
3,071
-
10
Germania Fire,
4,324,149
41,835
10,040
12,463
Girard Fire and Marine, ....
2,090,258
24,849
9,145
9.614
Glen's Falls
4,339,762
40,235
18,528
18,315
Globe Fire,
4,158,654
37,439
6,239
11.116
Granite State,
6,062,790
77,525
35,003
31,790
Greenwich, . . . .
5.623,514
52,007
38,267
43,637
Hanover Fire,
10,271,969
121,438
66,962
71,418
Hartford Fire, . .
19,796,395
234,579
96,388
96,348
Home,
46,863,153
330,442
116,843
120,644
Howard Fire
-
-
-
-
Insurance Co. of North America,
18,311,961
218,589
114.190
116,027
Insurance Co , State of Pennsylvania,
4,074,660
44,710
18,391
19,^36
Lumbermen's, ......
1,185,733
12,337
8,619
8,704
Manufacturers' and Merchants', .
603,325
6,659
251
534
Mechanics'
1,309,270
16,918
9,785
12,285
Merchants' (Newark),
8,841,236
76,526
44,027
46,765
Merchants' (Providence)
4,389,712
43,827
17,789
20,451
Michigan Fire and Marine
-
-
-
Middlesex Mutual,
1,814,888
18,894
14,6-8
19,994
Millers' and Manufacturers',
655,823
10,756
1,513
1,788
INSURANCE COMMISSIONER.
Ixiii
Table XIII. — Massachusetts Business for 1896 — Continued.
Companies of Other States — Concluded.
Fire Business — Concluded.
Risks
Premiums
Losses
Losses
NAME of company.
Written.
Received.
Paid.
Incurred.
Milwaukee Mechanics'
$862,367
$7,366
$3,292
$1,824
Mutual Fire,
3,858,250
44,376
17,615
19.340
National
16,667,844
166,678
65,149
76,072
National Standard,
1,508,470
15,230
3,494
4,756
Newark Fire,
912,261
10,861
7,474
7,467
New Hampshire Fire,
18,081,668
189,699
98,296
100,906
New York Fire,
1,330,701
8,152
2,001
2,194
Niagara Fire,
10,339,811
123,590
51,880
63,571
Northwestern National, ....
3,230,206
30,042
15,900
17,956
Norwalk Fire,
1,800,195
20,764
3,792
5,013
Norwood
_
28,833
9,027
11,994
Orient,
8,371,425
81,875
54,442
59,183
Pacific Fire
1,645,499
20,193
15,522
14,126
Pennsylvania Fire,
8,813,756
121,698
60,926
65,665
Phenix,
19,220,289
186,631
71,108
76,440
Phoenix,
11,930,111
135,447
56,641
55,448
Providence "Washington, ....
8,550,664
84,427
63,283
68,492
Queen of America,
11,898,391
120,430
62,621
64,235
Reading Fire,
3,486,723
38,152
23,332
20,696
Reliance,
1,806,576
14,787
10,714
9,610
Rochester German,
3,717,874
46,742
12,394
13,642
Rutgers,
733,553
7,570
3,398
3,299
Schuylkill Fire,
1,892,355
22,720
189
964
Security,
4.122,090
45,644
25,560
27,029
Spring Garden,
8,364,234
72,203
34,164
33,541
St. Paul Fire and Marine
4,795,297
47,698
22,052
22.402
Teutonia
1,047,393
11,277
3,892
3,892
Traders',
1,061,828
11,956
47
147
Union
3,498,533
33,614
11,524
11.871
United Firemen's,.
2,055,314
26,000
10,012
12,211
United States Fire,
2,831,522
24,832
11,095
10,557
United States Lloyds
-
-
-
-
Victoria Fire,
366,023
3,083
1,399
1,423
"Westchester Fire,
7,369.350
81,599
34,773
34,937
"Western,
688,861
9,200
5,550
5,551
Williamsburgh City
3,020,673
28,347
10,547
13,160
Totals,
$485,503,033
$5,085,066
$2,273,906
$2,369,879
Marine Business.
Atlantic Mutual,
Fireman's Fund,
Home
Insurance Company of North America,
Providence Washington,
St. Paul Fire and Marine,
United States Lloyds, ....
Totals
$15,696,327
85,454
160,000
34,046,010
4,797,783
671,046
4,568,287
),024,907
$96,253
148
1,860
161,196
39,497
17,286
11,714
$327,954
$49,404
50,613
11,047
9,690
7,593
$128,347
£50,613
14,373
10,056
5,722
580,764
lxiv
REPORT OF THE
Table XIII. — Massachusetts Business for 1896 — Continued.
United States Branches, Foreign Companies.
Fire Business.
Risks
Premiums
Losses
Losses
name of company.
Written.
Received.
Paid.
Incurred.
Atlas Assurance,
$5,836,657
$64,847
$19,812
$21,739
British America,
3,367,041
44,216
14,799
18,289
Caledonian,
6,016,370
74,438
36,208
38,791
Commercial Union,
12,722,399
152,543
85,841
80,407
Hamburg-Bremen,
3,481,708
34,599
5,255
8,055
Helvetia Swiss
1,435,250
14,722
602
652
Imperial,
9,713,812
110,295
76,582
80,801
Lancashire,
8,156,049
90,600
46,547
47,591
Lion Fire
. 5,183,428
40,194
18,320
19,657
Liverpool and London and Globe,
33,038,281
358,439
172,303
169,423
London Assurance,
7,898,348
79,055
39,936
40,636
London and Lancashire, ....
11,231,800
111,056
41,314
43,259
Magdeburg Fire,
739,175
• 7,380
-
-
Manchester Assurance,
8,282,452
92,570
44,292
48,773
National of Ireland
-
-
-
-
North British and Mercantile,
13,392,333
150,621
60,073
74,030
Northern Assurance,
9,492,776
88,548
41,550
44,772
Norwich Union, .... . .
10,222,964
108,446
55,591
61,757
Palatine,
13,007,863
155,436
59,737
67,344
Phoenix Assurance,
10,689,365
130,973
68,894
65,419
Prussian National,
1,155,825
13,668
2,303
2,904
Royal
31,546,931
359,626
175,201
186,806
Royal Exchange, ......
1,676,763
17,226
2,775
3,400
Scottish Union and National,
16,687,475
133.734
28,547
42,627
Sun
16,974,362
146,417
94,098
80,010
Svea Fire and Life,
2,982,523
27,050
3,307
4,494
Thuringia,
610,250
7,128
-
54
Union Society,
4,952,621
45,347
6,526
6,579
Western Assurance,
5,667,531
74,805
32,196
39,978
$256,162,352
$2,733,979
$1,232,609
$1,298,247
Marine Business.
British and Foreign Marine,
London Assurance,
Mannheim, ...
Marine of London,
Reliance Marine, .
Thames and Mersey Marine,
Union Marine,
Western Assurance,
Totals,
$135,461,679
5,509,082
3,581,042
60,265,666
850,563
1,056,863
6,191,281
505,104
$213,421,280
$529,958
15,780
12,869
31,650
6,433
4,826
5,494
11,586
$618,596
$74,018
4,567
6,319
6,847
218
445
618
10,156
$403,188
$385,241
5,342
5,865
6,847
445
9,805
$413,545
Recapitulation.
Fire Business.
Massachusetts mutual fire companies,
Massachusetts mutual fire-marine com
panies,
Massachusetts joint stock companies, .
Companies of other States, .
United States branches,
Totals
$266,914,750
1,540,561
52,957,862
485,503,033
256,162,352
$1,063,078,558
$2,930,547
18,698
480,644
5,085,066
2,733,979
$11,248,934
$908,687
6,880
183,635
2,273,906
1,231,609
$4,604,717
$925,493
6,856
200,539
2,369,879
1,298,247
$4,801,014
INSURANCE COMMISSIONER.
Ixv
Table XIII. — Massachusetts Business for 1896 — Concluded.
Recapitulation — Concluded.
Marine Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
Massachusetts mutual marine companies, .
Massachusetts joint-stock companies, .
Companies of other States, ....
United States branches, ....
$18,376,431
31,599,187
60,024,907
213,421,280
$376,057
486,218
327,954
618,596
$258,935
581,353
128,347
403,188
$258,809
533,538
80,764
413,545
$1,808,825
$1,371,823
$1,286,656
Table XIV. — Statement of the Receipts and Expenditures of the
Insurance Department for the Year ending Dec. 31, 1896.
[Made pursuant to chapter 522, section 17,. Acts of 1894.]
Receipts.
Compensation for valuation of life insurance policies, .
License fees, filing statements, certificates, etc.,
,778 20
40,110 U0
$58,888 20
Expenditures.
Commissioner.
George S. Merrill, salary,
Deputy Commtssionee.
Fred'k L. Cutting, salary,
Actuary.
Emma W. Cushman,
Examiner.
Frank H. Hardison, salary from July 16, .
Clerks.
Arthur E. Linnell, first, from April 1,
Henry M. Billings (resigned), first, to March 31,
William F. Richardson, second, from April 1, .
William H. Brown, third, from April 1,
Amount carried forward,
$3,500 00
2,500 00
2,000 00
919 36
4,700 00
$13,619 36
lxvi
RErORT OF THE INSURANCE COMMISSIONER.
Table XIV. — Statement of the Receipts, etc. — Concluded.
Amount brought forward,
Extra Clerks
A. M. Hawes,
C. E. Weis, .
M. E. Burrill,
S. E. Flint, .
E. L. Johnson,
F. M. Page, .
F. M. Robbins,
M. F. Whipple,
G. C. Studley,
G. M. Hall, .
V. I. Bryant,
M. L. McMann,
F. E. Gowell,
G. L. Moore,
L. H. Young,
C. L. Sawyer,
I. L. Baker, .
L. E. Brickett,
J. S. Davis, .
G. H. Manks,
Emma G. Stevens
Mary H. Dyer,
Lillian W. Whipple,
Win, H. Brown, from March 9,
Expenses.
Printing and binding, .
Postage,
Travelling expenses, .
Stationery and supplies,
Express, telegrams and telephones,
Stenographic work, etc ,
Books, newspapers, etc.,
Total expenditures for 1896,
Fees collected and paid into State treasury,
Surplus accrued to Commonwealth, .
51,200 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
900 00
900 00
900 00
840 00
840 00
840 00
840 00
840 00
840 00
710 00
630 00
480 00
464 52
450 00
70 00
61 84
.,715 97
917 36
361 61
160 38
279 71
208 24
207 97
$13,619 36
18,806 36
3,851 24
$36,276 96
58,888 20
$22,611 24
MASSACHUSETTS MUTUAL
FIRE INSURANCE COMPANIES
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements for the Year ending
December 31, 1896.
ABINGTON MUTUAL FIRE INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
ABINGTON MUTUAL FIRE INSURANCE COMPANY,
ABINGTON.
[Incorporated May 30, 1856. Commenced DUBiness June 15, 1857.]
HENRY B. PEIRCE, President. CARLOS P. FAUNCE, Secretary.
Amount of permanent fund, . . . . . . . $41,728 54
Detailed Statement of Stocks,
N. E. Telephone and Telegraph Co. bonds,
Boston United Gas Co bonds, .
Marion County (Ind.) bonds, .
Ramsey County (Minn.) bonds,
Equitable Securities Co. debenture bonds
Toledo (Ohio) city bonds,
Lincoln (Neb.) city bonds,
St. Paul (Minn.) public park bonds,
Portland & Ogdensburg Railroad bonds,
Naumkeag Street Railway bonds, .
East Middlesex Street Railway bonds,
Trenton Passenger Railway bonds, .
20 shares Oregon Railway & Navigation Co.,
10
10
14
5
20
13
5
14
21
State National Bank, Boston, .
Nat'l Hide and Leather Bank, Boston
Metropolitan National Bank, Boston.
Old Boston National Bank, Boston,
South End National Bank, Boston,
Abington National Bank, Abington,
Whitman National Bank, Whitman,
First National Bank, Salem, . .
First National Bank, Danvers, .
Rockland & Abington Street Railway,
Securities held as collateral for cash loans : —
Rockland & Abington Street Railway stock,
Bonds, etc.
Par Value.
$1,000 00
2,000 00
1,000 00
3,000 00
1,030 00
1,000 00
2,000 00
1,000 00
5,000 00
3,000 00
1,000 00
2,000 00
2,000 00
1,000 00
1,000 00
1,400 00
500 00
2,000 00
1,300 00
500 00
1,400 00
1,575 00
1,000 00
Market Value.
$1,035 00
1,680 00
1,017 50
3,127 50
927 00
1,100 00
2,000 00
1,160 00
5,300 00
3,000 00
1,010 00
2,220 00
300 00
1.082 50
1.083 75
1,260 00
530 00
1,300 00
1,560 00
510 00
1,249 50
1,533 00
1,110 00
$36,705 00 $35,095 75
Market Value. Loaned Thereon.
$565 00 $300 00
ABINGTON MUTUAL FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $4,000 00
Loans on mortgage of real estate (first liens*), 30,780 00
Interest due or accrued thereon, . . . 542 76
Stocks, bonds, etc., as per schedule, . . 35,095 75
Loans on collateral security, as per schedule, . 300 00
Loans on personal security, .... 300 00
Cash in the office of the company, . . . 212 31
Cash deposited in bank, 275 75
Interest due and accrued, 433 18
Premiums in course of collection (gross), . 1,597 60
Rents due and accrued, 24 00
Balance due on real estate sold, ... . 2,911 15
Salvage 150 00
Gross assets,
$76,622 50
Liabilities.
Losses adjusted, unpaid, . . . .
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, ....
Gross liabilities,
$650 00
1,113 10
53,430 98
723 39
215 75
378 77
Net cash assets,
56,511 99
v . ■ -
$20,110 51
Income.
Premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
Gross cash income, .
$2,012 75
31,925 48
$33,938 23
1,597 60
$32,340 63
1,788 93
sources,
$30,551 70
344 52
1,899 24
1,940 86
125 00
174 86
$35,036 18
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$14,317 00
42,483 00
36,850 00
ANNISQUAM MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
Gross cash expenditures, .
$25,046 14
10,659 21
4,738 71
2,837 74
464 30
1,859 94
$45,606 04
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1895, $8,335,596 00 $124,805 97
Risks written during 1896, . 2,233,734 00 31,925 48
Total, $10,569,330 00 $156,73145
Risks terminated during 1896, 2,870,708 00 40,946 66
In force at end of year,
/Deduct amount reinsured,
Net amount in force, .
. $7,698,622 00 $115,784 79
121,407 00 1,706 73
Conting't Prem's.
$124,805 97
31,925 48
$156,731 45
40,946 66
$115,784 79
1,706 73
',577,215 00 $114,078 06 $114,078 06
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1896, 15, 25 and 40 percent.
$16,781 00
ANNISQUAM MUTUAL FIRE INSURANCE COMPANY,
GLOUCESTER.
[Incorporated March 1, 1847. Commenced business Dec. 28, 1847.]
ELIAS DAVIS, President. JAMES S. JEWETT, Secretary.
[Note. — This company charges a ca6h premium adequate for expenses only, and relies upon
assessments on deposit notes to pay losses.]
Detailed Statement of Stocks, Bonds, etc.
Par Value, Market Value.
United States bonds, $500 00 $555 37
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *), $2,813 94
Interest due or accrued thereon, ... 77 20
Stocks, bonds, etc., as per schedule, . . 555 37
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$2,900 00
5,500 00
4,263 00
ARKWRIGHT MUTUAL FIRE INSURANCE CO.
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Office safe, . . .
Gross assets, ....
$19 85
4,607 49
5 00
$85 00
Liabilities.
Return assessments on cancelled policies,
Gross liabilities, ....
$83 09
Net cash assets,
Income.
Cash received from assessments,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
Expenditures.
Cash paid for salaries of officers and employees, . ...
for State and local taxes, . .
for rent and incidentals,
Gross cash expenditures,
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1895, . . . $326,705 00
Risks written during 1896, .... 79,625 00
5,078 85
83 09
r ,995 76
$247 80
213 12
20 00
$480 92
$350 00
2 09
19 40
Total,
Deduct risks expired and terminated,
In force at end of year, .
$406,330 00
79,825 00
$371 49
Conting't Prem's.
$21,038 45
5,138 75
$26,177 20
5,114 75
$326,505 00 $21,062 45
ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON
[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.]
R. W. TOPPAN, President. D. W. BARTLETT, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value.
United States bonds, $25,000 00
Cambridge city bonds,
Boston city bonds,
Providence city bonds,
Waltham city bonds,
Lowell city bonds,
15,000 00
20,000 00
20,000 00
10,000 00
20,000 00
Market Value.
$27,750 00
15,900 00
22,433 00
21,050 00
10,450 00
21,550 00
6
ARKWRIGHT MUTUAL FIRE INSURANCE CO.
Springfield city bonds,
Worcester city bonds,
Fitchburg Railroad bonds,
Eastern Railroad bonds, .
Old Colony Railroad bonds,
Boston & Lowell Railroad bonds,
Chicago, Burlington & Quincy R.R. bonds,
Boston & Maine Railroad bonds,
Philadelphia, Wilm. & Baltimore R.R. bonds, .
New York, Providence & Boston R.R. bonds, .
Boston & Providence Railroad bonds,
Lake Shore & Michigan Southern R.R. bonds,
Pennsylvania Company Railroad bonds, .
Chicago June R.R. & Union St'k Y'ds bonds, .
50 shares Chicago, Burlington & Quincy R.R.,
New York, New Haven & Hartford notes,
Par Value.
$20,000 00
25,000 00
10,000 00
35,000 00
47,000 00
55,000 00
50,000 00
20,000 00
20,000 00
10,000 00
20,000 00
30,000 00
30,000 00
25,000 00
5,000 00
100,000 00
Market Value.
$20,400 00
25,000 00
10,050 00
41,300 00
49,070 00
58,850 00
53,200 00
21,000 00
22,000 00
10,000 00
21,000 00
35,400 00
32,550 00
27,125 00
3,500 00
100,000 00
112,000 00 $649,578 00
Summary of Assets Dec
Stocks, bonds, etc., as per schedule,
All other cash loans,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
31, 1896.
$649,578 00
4,333 40
431 15
106,307 58
10,220 79
4,126 78
$774,997 70
Liabilities.
Losses claimed and reported, .... $4,791 92
Unearned premiums on outstanding risks, . 364,316 23
State and local taxes, , 1,281 72
Gross liabilities, .......
370,389 87
Net cash assets, $404,607 83
Income.
Premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total, . . . . .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest and dividends received from all sources, .
Gross cash income,
$2,946 58
766,900 02
$769,846 60
4,126 78
$765,719 82
32,878 88
$732,840 94
26,424 63
$759,265 57
ASHFIELD MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes, .
for rents,
for inspections, ....
for incidentals,
Gross cash expenditures,
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding; Dec. 31, 1895, $92,017,394 00 $735,006 19
Risks written during 1896, . 97,570,704 00 766,900 02
Total, .... $189,588,098 00 $1,501,906 21
Risks terminated during 1896, 96,699,921 00 773,273 74
$176,038 65
479,362 42
24,942 50
7,228 27
1,687 80
13,802 64
4,902 12
$707,964 40
Conting't Prem's.
$3,675,030 95
3,834,500 10
$7,509,531 05
3,866,368 70
In force at end of year, . $92,888,177 00 $728,632 47 f 3,643,162 35
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1896, 64^ per cent.
$54,833 00
ASHFIELD MUTUAL FIRE INSURANCE COMPANY, ASHFIELD.
[Incorporated June 4, 1873. Commenced business July 19, 1873.]
CHARLES HOWES, President. HENRY S. RANNEY, Secretary.
[Note. — This company insures property in the town of Ashfield only.]
Summary of Assets Dec. 31, 1896.
Cash deposited in bank,
Gross assets,
Income.
Cash premiums received,
Interest and dividends received from all sources, .
Gross cash income,
Incidental expenses, .
Expenditures.
$657 20
$657 20
$58 65
23 24
$81 89
$2 46
8
ATLAS MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Risks outstanding Dec. 31, 1895,
Risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Amount. Conting't Prem's.
,713 00 $1,550 63
11,726 00 351 80
$55,089 00
$62,439 00 $1,902 43
7,350 00 220 50
,681 93
ATLAS MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated February, 1892. Commenced business June 15, 1892.]
JOHN" A. PRAY, President. ARTHUR F. JONES, Secretary.
Office, 2 Mason Building.
Amount of permanent fund Dec. 31, 1895,
Increase during the year, ....
Permanent fund Dec. 31, 1896,
Detailed Statement of Stocks, Bonds, etc.
Tar Value.
United States bonds, $50,000 00
Massachusetts State bonds, .... 25,000 00
Summary of Assets Dec
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Gross assets,
$75,000 00
31, 1896.
$85,375 00
318 82
15,241 36
1,351 33
24,032 70
$10,000 00
15,000 00
$25,000 00
Market Value.
$60,000 00
25,375 00
$85,375 00
$126,319 21
Liabilities.
Losses claimed and reported, .... $10,674 71
Unearned premiums on outstanding risks, . 70,603 55
Return premiums on cancelled policies, . . 687 64
Profits or surplus on terminated policies, unpaid, 4,576 84
Commissions and brokerage, . . . . 4,986 40
Gross liabilities, . . . . .
91,529 14
Net cash assets,
$34,790 07
ATLAS MUTUAL FIRE INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all sources,
),992 57
175,572 82
$236,565 39
24,032 70
$212,532 69
56,564 78
$155,967 91
3,783 03
Received from other companies on account of excess losses, 13,610 04
Gross cash income, . $173,360 98
Expenditures.
Cash paid for losses, $150,335 26
Deduct salvage and reinsurance, . . . 6,557 61
Net cash paid for losses,
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees, .
for State and local taxes,
Gross cash expenditures,
|143,777 65
14,455 52
50,303 00
7,945 84
4,772 52
$221,254 53
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $17,486,782 00 $234,583 75 $703,751 25
Risks written during 1896, . 12,280,742 00 175,572 82 526,718 46
Total $29,767,524 00
Risks terminated during 1896, 20,042,210 00
$410,156 57 $1,230,469 71
268,596 27 805,788 81
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
>,725,314 00
32,000 00
$141,560 30 $424,680 90
350 73 1,052 19
>,693,314 00 $141,209 57 $423,628 71
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1896, 10 per cent.
$114,675 00
10
ATTLEBOROUGH MUTUAL FIRE INSURANCE CO.
ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY,
ATTLEBOROUGH.
[Incorporated Feb. 24, 1844. Commenced business July, 1845.]
EVERETT S. C APRON, President. ELIJAH R. READ, Secretary.
Amount of permanent fund Dec. 31, 1895,
Increase during the year, ....
Permanent fund Dec. 31, 1896, .
,550 59
350 76
,901 35
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Attleborough town loan, .
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets, . . . ...
$20,092 00
231
66
6,000
00
50
39
5,233
65
120
00
148
25
1,875 95
Liabilities.
Unearned premiums on outstanding risks,
6,496 75
Net cash assets,
$25,379 20
Income.
Premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Gross cash income, .
$47 20
3,196 53
$3,243
73
148
25
$3,095 48
74
52
sources,
53,020 96
18 41
1,054 13
120 00
H,213 50
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$12,600 00
30,400 00
24,250 00
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO.
11
Expenditures.
Cash paid for losses,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, .
$210 06
682
00
27
15
78
35
$997 56
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1895, $2,092,296 00
Risks written during 1896, . 533,465 00
Total,
Risks terminated daring 1896,
1,625,761 00
493,906 00
Cash Prem's. Conting't Prem's.
$11,549 11 $23,098 22
3,196 53 6,393 06
,745 64 $29,491 28
2,488 62 4,977 24
In force at end of year, . . $2,131,855 00 $12,257 02 $24,514 04
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY,
YARMOUTHPORT.
[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.]
SIMEON ATWOOD, President. FRANK THACHER, Secretary.
Amount of permanent fund, . . . . . . . $57,365 80
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
13 shares Winthrop National Bank, Boston, . . $1,300 00 $1,703 00
20 " State National Bank, Boston, . . 2,000 00 2,165 00
13 " Tremont National Bank, Boston, . 1,300 00 1,066 00
10 " Massachusetts Nat'l Bank, Boston, . 1,000 00 805 00
8 " Shawmut National Bank, Boston, . 800 00 900 00
5 " Nat'l Bank of the Republic, Boston, 500 00 692 50
15 " Nat'l Bank of Redemption, Boston, . 1,500 00 1,725 00
30 " First National Bank, Yarmouth, . 3,000 00 3,600 00
10 " First National Bank, Hyannis, . . 1,000 00 1,125 00
10 " Falmouth National Bank, . . 1,000 00 1,100 00
50 " Massachusetts Real Estate Co., . ( 5,000 00 700 00
63 " Old Colony Railroad, . . . 6,300 00 11,056 50
49 " Union Pacific Railroad, . . , 4,900 00 450 00
8 " Central Pacific Railroad, . . 650 00 150 00
National Tube Works Co. stock, . . . 9,900 00 8,412 50
Fall River city bonds 1,000 00 1,150 00
Old Colony Railroad bonds, .... 5,000 00 5,050 00
12
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO.
Boston & Maine Railroad bonds,
Fitchburg Railroad bonds,
Iowa Falls & Sioux City Railroad bonds,
Chicago & E. Illinois Railroad bonds,
Oregon Short Line Railroad bonds, .
Illinois Steel Company bonds, .
Farm mortgage bonds, .
Par Value.
$12,000 00
5,000 00
2,000 00
2,500 00
1,000 00
1,000 00
800 00
$70,450 00
Market Value.
$12,555 00
5,107 50
2,540 00
2,880 00
645 00
800 00
800 00
$67,178 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $2,000 00
Loans on mortgage of real estate (first liens *), 700 00
Stocks, bonds, etc., as per schedule, . . 67,178 00
Loans on personal security, .... 6,803 50
Cash in the office of the company, . . . 687 08
Cash deposited in bank, 6,490 94
Gross assets,
53,859 52
Liabilities.
Losses adjusted, unpaid, ..... $1,250 00
Unearned premiums on outstanding risks, . 44,778 63
State and local taxes, 45 73
Gross liabilities,
46,074 36
Net cash assets,
17,785 16
Income.
Cash premiums received, .....
Received for extra premiums, ....
Interest and dividends received from all sources,
$31,492 32
1,063 32
3,254 50
Gross cash income, $35,810 14
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes, .
for incidentals,
$9,344 34
20,838 88
5,514 40
335 64
395 45
Gross cash expenditures, $36,428 71
* Value of lands mortgaged $100 00
Value of buildings thereon 900 00
Amount of insurance held as collateral, 700 00
BERKSHIRE MUTUAL FIRE INSURANCE CO.
13
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $7,280,492 00 $124,864 81 $374,594 43
Risks written during 1896, . 1,805,956 00 31,492 32 94,476 96
Total, $9,086,448 00 $156,357 13 $469,071 39
Risks terminated during 1896, 1,721,692 00 29,769 90 89,309 70
In force at end of year,
r ,364,756 00 $126,587 23 $379,761 69
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1896, 70 per cent.
$10,594 00
BERKSHIRE MUTUAL FIRE INSURANCE COMPANY,
PITTSFIELD.
[Incorporated March, 1835. Commenced business August, 1835.]
FRANK W. HINSDALE, President. JOHN M. STEVENSON, Secretary.
Amount of permanent fund,
$57,271 91
Detailed Statement of Stocks,
Western Union Telegraph Co. bonds,
Chicago & Western Indiana Railroad bonds, .
Baltimore & Ohio Railroad bonds, .
St. Paul & Sioux City Railroad bonds,
110 shares Boston & Albany Railroad,
119
50
19
100
55
10
12
15
16
10
4
N. Y. Cent. & Hudson River R.R.,
Chicago, Burlington & Quincy R R.,
New Hampshire Trust Co ,
Adams Express Co.,
Pittsfield National Bank, Pittsfield,
Agricultural NatU Bank, Pittsfield,
Third National Bank, Pittsfield,
First National Bank, Adams, .
Adams Nat'l Bank, North Adams,
Lenox National Bank, Lenox,
Lee National Bank,
Pittsfield Electric Street Railway Co.,
Bonds, etc.
Par Value.
$5,000 00
5,000 00
2,000 00
1,000 00
10,000 00
11,900 00
5,000 00
1,900 00
10,000 00
5,500 00
1,000 00
1,200 00
1,500 00
1,600 00
1,000 00
400 00
2,500 00
Market Value.
$5,390 00
5,850 00
2,000 00
1,300 00
21,000 00
11,305 00
3,650 00
950 00
15,200 00
8,525 00
2,600 00
2,520 00
1,950 00
2,080 00
1,400 00
700 00
2,500 00
$66,500 00 $88,920 00
14
BERKSHIRE MUTUAL FIRE INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
Due and accrued for rent, salaries, etc.,
Due for borrowed money,
State and local taxes,
Commissions and brokerage,
Gross liabilities, .
;. 31, 1896.
$12,000 00
88,920 00
2,000 00
1,284 39
205 78
157 52
2,355 89
100 00
$107,023 58
$2,197 50
63,495 03
11 06
d, 1,188 87
75 00
5,000 00
54 94
285 65
72,308 05
Net cash assets,
,715 53
Income.
Premiums outstanding Dec. 31, 1895, . . $ 1,295 91
Premiums on risks written or renewed, . . 31,477 02
Total, $32,772 93
Premiums now in course of collection, . . 2,355 89
Entire premiums collected, .... $30,417 04
Less reinsurance and return premiums, . . 1,162 21
Net cash premiums received, ....
Received for extra premiums,
Interest and dividends received from all sources, .
Income from rents,
$29,254 83
415 39
4,001 17
955 11
Gross cash income, . . $34,626 50
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance,
Net cash paid for losses, . , .
Cash paid as profits on terminated policies, .
Cash paid for commissions and brokerage,
$20,839 40
1,500 00
$19,339 40
15,782 63
3,841 25
BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 15
Cash paid for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
Gross cash expenditures, ....
Risks and Premiums.
$3,189 00
410 09
1,791 37
$44,353 74
Risks outstanding Dec. 31, 1895
Risks written during 1896,
Total,
Risks terminated during 1896
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Amount. Cash Prem's. Conting't Prem's.
59,249,027 00 $127,854 00 $127,731 74
2,355,590 00 31,477 02 31,477 02
$11,604,617 00 $159,331 02 $159,208 76
2,320,640 00 29,752 76 29,630 50
1,283,977 00 $129,578 26 $129,578 26
22,650 00 208 27 208 27
Miscellaneous.
Losses incurred during the year, . . .
Profits or surplus returned during 1896, 25, 40 and 60 per cent.
,261,327 00 $129,369 99 $129,369 99
. $21,537 00
BOSTON" MANUFACTURERS' MUTUAL FIRE INSURANCE
COMPANY, BOSTON".
[Incorporated March 15, 1850. Commenced business Oct. 15, 1850.]
EDWARD ATKINSON, President. FRANCIS E. ROBINSON, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Phila., Wil. & Baltimore Railroad bonds, . $40,000 00 $44,200 00
Chicago, Burl. & Quincy Railroad bonds, , . 50,000 00 48,250 00
Old Colony Railroad bonds, .... 120,000 00 124,900 00
Burl. & Missouri River Railroad bonds, . . 30,000 00 34,950 00
Pennsylvania Company bonds, . . . 30,000 00 33,000 00
West Shore Railroad bonds, .... 50,000 00 52,750 00
Boston & Lowell Railroad bonds, . . . 75,000 00 78,000 00
New Jersey Central Railroad bonds, . . 50,000 00 57,750 00
Rome, Watertown & Ogdensburg R.R. bonds, 50,000 00 58,875 00
Lehigh Valley Railroad bonds, . . . 25,000 00 27,500 00
Eastern Railroad bonds, . ... . . 25,000 00 29,750 00
United New Jersey Railway & Canal Co. bonds, 50,000 00 56,000 00
Baltimore & Ohio Railroad bonds, . . . 50,000 00 40,000 00
Brookline town bonds, 65,000 00 65,000 00
Boston & Maine Railroad bonds, . . . 50,000 00 56,500 00
$760,000 00 $807,425 00
16 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO.
Summary of Assets Dec
Stocks, bonds, etc., as per schedule,
Cash loans secured, .
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities,
31, 1896.
$807,425 00
8,282 02
7,462 96
32,936 04
9,284 98
$424,978 28
1,077 63
$865,391 00
426,055 91
Net cash assets, $439,335 09
Income.
Premiums on risks written or renewed, . . $885,719 31
Less reinsurance and return premiums, . . 31,942 95
Net cash premiums received, ....
Interest and dividends received from all sources, .
Gross cash income,
$853,776 36
28,445 25
,221 61
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections and plans,
for incidentals, ....
Gross cash expenditures, ....
1,544 77
560,291 95
33,409 25
8,309 51
1,976 36
15,919 92
10,848 44
$697,300 20
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $106,132,248 00 $847,703 82 $4,238,519 10
Risks written during 1896, . 113,423,064 00 885,719 31 4,428,596 55
Total, .... $219,555,312 00 $1,733,423 13 $8,667,115 65
Risks terminated during 1896, 111,112,113 00 883,466 58 4,417,332 90
In force at end of year, . . $108,443,199 00 $849,956 55 $4,249,782 75
Miscellaneous.
Losses incurred during the year, $55,286 00
Profits or surplus returned during 1896, 65^ per cent.
BRISTOL COUNTY MUTUAL FIRE INSURANCE CO.
17
BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY,
NEW BEDFORD.
[Incorporated Feb. 13, 1829. Commenced business July 4, 1829 ]
JAMES TAYLOR, President. GEO. N. ALDEN, Secretary.
[Note. — Policies are all issued for five years, ten per cent, of the premium note being
received in cash at the time of issuing the policy. The notes are assessed as necessity requires.
No cash funds are accumulated.]
Summary of Assets Dec. 31, 1896.
Cash in the office of the company, . . . $70 58
Cash deposited in bank, 3,181 92
Premiums in course of collection (gross), . 121 94
Prem's more than three mos. due, . $29 00
Gross assets,
S,374 44
Liabilities.
State and local taxes,
Commissions and brokerage,
Gross liabilities,
$3 26
16 43
$19 69
Income.
Premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Income from policy fees,
Gross cash income, ....
$272 14
3,450 30
$3,722 44
150 94
$3,571 50
- 193 99
$3,377 51
32 00
12 50
.
1,422 01
Expenditures.
Cash paid for losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals,
Gross cash expenditures, ....
$566 75
208
27
999
96
36
91
193
39
$2,005 28
18 BUSINESS MEN'S MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount. Conting't Prom's.
Risks outstanding Dec. 31, 1895, . . . f 2,6 17,030 00 $194,036 00
Risks written during 1896, .... 505,375 00 34,560 00
Total, |3,122,405 00 $228,596 00
Deduct risks expired and terminated, . . 721,575 00 66,423 00
In force at end of year, f 3,400,830 00 $162,173 00
Miscellaneous.
Losses incurred during the year, $567 00
BUSINESS MEN'S MUTUAL FIRE INSURANCE COMPANY,
BOSTON.
[Incorporated Jan. 5, 1895. Commenced business Jan. 4, 1896.]
STEPHEN MOORE, President. HOWARD GANNETT, Secretary.
Office, 53 State Street.
Summary of Assets Dec. 31, 1896.
Cash in the office of the company, . . . $1 09
Cash deposited in bank, ..... 109 91
Premiums in course of collection (gross), . 869 56
Gross assets, $980 56
Liabilities.
Unearned premiums on outstanding risks, . $863 17
Gross liabilities, ...... 863 17
Net cash assets, $117 39
Income.
Premiums on risks written, .... f 1,864 20
Premiums now in course of collection, . . 869 56
Entire premiums collected, .... $994 64
Less reinsurance and return premiums, . , 311 60
Net cash premiums received, .... — $683 04
Income from commissions, 93
Gross cash income, ........ $683 97
CAMBRIDGE MUTUAL FIRE INSURANCE CO.
19
Expenditures.
Cash paid for commissions and brokerage,
for State and local taxes,
for rent and incidentals,
Gross cash expenditures, .
$72
32
13
65
487
00
$572 97
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks written during 1896, . f 213,350 00 $1,864 20 $3,728 40
Risks terminated during 1896, . 31,700 00 319 35 638 70
In force at end of year, .
$181,650 00
L,544 85
1,089 70
CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY,
CAMBRIDGE.
[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.]
DANA W. HYDE, President. ALFRED L. BARBOUR, Secretary.
Amount of permanent fund, .
$130,688 77
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Cambridge city bonds, f 2,000 00 $2,400 00
Boston city bonds, ...... 5,000 00 5,000 00
Portland city bonds, 10,000 00 12,200 00
Belfast city bonds 2,000 00 2,000 00
Highland Street Railway bonds, . . . 4,000 00 4,400 00
Eastern Railroad bonds, 1,500 00 1,740 00
Boston & Lowell Railroad bonds, . . . 5,000 00 5,000 00
Fitchburg Railroad bonds 1,000 00 1,000 00
15 shares National City Bank, Cambridge, . 1,500 00 2,250 00
1 share Framingham National Bank, . . 100 00 150 00
$32,100 00 $36,140 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $59,750 00
Loans on mortgage of real estate (first liens*), 113,883 00
Interest due or accrued thereon, . . . 2,373 12
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$74,700 00
142,700 00
132,100 00
20
CAMBRIDGE MUTUAL FIRE INSURANCE CO.
Stocks, bonds, etc., as per schedule,
Loans on personal security,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, $2,809 74
Gross assets,
$36,140 00
3,000 00
1,818 88
9,084 51
467 01
14,502 64
1,825 50
$242,844 66
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
Surplus due on terminated policies,
Commissions and brokerage, .
Gross liabilities, ....
Net cash assets, ....
$4,500 00
153,962 48
4,093 68
2,596 85
165,153 01
$77,691 65
Income.
Premiums outstanding Dec. 31, 1895,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other sources,
Income from rents, . . .
Gross cash income,
Expenditures.
Cash paid for losses, . .
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employe
for State and local taxes,
for rents and incidentals,
for expenses on real estate, .
Gross cash expenditures, .
$16,408 92
315 85
$16,093 07
99,084 45
$115,177 52
17,312 38
,865 14
3,674 26
es,
$94,190 88
730 61
3,556 66
1,803 12
6,966 15
$107,247 42
$31,009 78
34,349 60
13,830 73
7,650 00
2,631 60
5,292 16
3,425 92
$98,189 79
citizens' mutual fire INSURANCE CO. 21
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31,1895, $16,871,003 00 $266,486 89 $266,486 89
Risks written during 1896, . 6,037,829 00 99,084 45 99,084 45
Total, $22,908,832 00 $365,57134 $365,57134
Risks terminated during 1896, 4,467,675 00 68,498 87 68,498 87
In force at end of year, . . $18,441,157 00 $297,072 47 $297,072 47
Deduct amount reinsured, . 4,000 00 50 00 50 00
Net amount in force, . . $18,437,157 00 $297,022 47 $297,022 47
Miscellaneous.
Losses incurred during the year, $29,425 00
CITIZENS' MUTUAL FIRE INSURANCE COMPANY,
BOSTON.
[Incorporated March 7, 1846. Commenced business Oct. 6, 1846.]
HENRY C. B1G-ELOW, President. T. WALLACE TRAVIS, Secretary.
Office, 8 Exchange Place.
Amount of permanent fund, $174,441 91
Detailed Statement of Stocks, Bonds, etc.
30 shares Hide and Leather National Bank,
15 " Natick National Bank,
10 " Farmington National Bank (N. H.)
Butchers 1 S. and M. Association bonds, .
Denver Land and Security Co. bonds,
Par Value. Market Value.
$3,000 00 $3,250 00
1,500 00 1,800 00
1,000 00 1,000 00
4,000 00 4,000 00
1,800 00 1,800 00
$11,300 00 $11,850 00
Summary of Assets Dec 31, 1896.
Cash value of unencumbered real estate, . $24,900 00
Loans on mortgage of real estate (first liens*), 280,195 00
Interest due or accrued thereon, . . . 4,606 94
Stocks, bonds, etc., as per schedule,. . . 11,850 00
* Total value of property mortgaged, $546,800 00
Amount of insurance held as collateral, .... 333,450 00
22
citizens' mutual FIRE INSURANCE CO.
All cash loans,
Cash in the office of the company, .
Cash deposited in banks, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$4,000 00
875 78
19,202 58
208 50
2,711 38
$348,550 18
Liabilities.
Losses adjusted, unpaid, $2,300 00
Unearned premiums on outstanding risks, . 187,814 93
Profits or surplus on terminated policies, unpaid, 810 26
Commissions and brokerage, .... 406 71
Gross liabilities,
Net cash assets,
191,331 90
$157,218 28
Income.
Premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income, .
$4,222 98
85,145 74
$89,368 72
2,711 38
$86,657
4,185
34
25
sources,
472 09
1,385 15
14,113 58
1,113 86
902 87
,987 55
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance,
Net cash paid for losses,
Cash paid as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents, ......
for incidentals, ....
|29,637 90
5 07
$29,632 83
41,369 42
12,546 88
7,739 02
1,417 86
1,800 00
2,623 32
Gross cash expenditures,
$97,129 33
COHASSET MUTUAL FIRE INSURANCE CO. 23
Risks and Premiums.
Amount. Cash Prem's. Conting't Prom's.
Risks outstanding Dec. 31, 1895, $26,881,873 00 $369,880 72 $369,880 72
Risks written during 1896, . 6,319,757 00 85,145 74 85,145 74
Total, $33,201,630 00 $455,026 46 $455,026 46
Risks terminated during 1896, 5,089,777 00 67,526 91 67,526 91
In force at end of year, . . $28,111,853 00 $387,499 55 $387,499 55
Deduct amount reinsured, . 19,700 00 194 53 194 53
Net amount in force, . . $28,092,153 00 $387,305 02 387,305 02
Miscellaneous.
Losses incurred during the year, $31,938 00
Profits or surplus returned during 1896, 70 and 50 per cent.
COHASSET MUTUAL FIRE INSURANCE COMPANY, COHASSET.
[Incorporated March 18, 1845. Commenced business March 16, 1846.]
LOUIS N. LINCOLN, President. PHILANDER BATES, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
9 shares City National Bank, Boston, . . $900 00 $720 00
3 " Merchants' National Bank, Boston, . 300 00 450 00
.,200 00 $1,170 00
Summary of Assets Dec
31, 1896.
Stocks as per schedule, $1,170 00
Cash in the office of the company, ... 22 25
Cash deposited in bank, 822 32
Premiums in course of collection (gross), . 21 78
Office furniture, . . . $60 00
Gross assets, $2,036 35
Liabilities.
Unearned premiums on outstanding risks, . $2,636 06
Gross liabilities, 2,636 06
Balance against company, $599 71
24
COHASSET MUTUAL FIRE INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1895,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest and dividends received from all sources,
Gross cash income, . ...
$148 47
74 16
$74
31
1,193
80
$1,268
11
21
78
$1,246
33
44
33
$1,202 00
7 43
62 54
$1,271 97
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes, .
for rents,
( for incidentals,
Gross cash expenditures, ....
$1,000 95
567
97
284
08
11
38
50
00
23
02
$1,937 40
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $354,020 00 $5,232 55 $16,32114
Risks written during 1896, . 75,165 00 1,193 80 3,581 40
In force at end of year,
Total, $429,185 00 $6,426 35 $19,902 54
Risks terminated during 1896, 75,140 00 1,010 10 3,461 94
$354,045 00 $5,416 25 $16,440 60
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1896, 15, 30 and 50 per cent.
$1,001 00
CONTINENTAL MUTUAL FIRE INSURANCE CO.
25
CONTINENTAL MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Dec. 14, 1894. Commenced business Jan. 15, 1895/]
ARTHUR E. KRIEGER, President. RICHARD C. PETERS, Secretary.
Office, 539 Exchange Building.
Summary of Assets Dec. 31, 1896.
Cash in the office of the company, .
Cash deposited in bank,
Unpaid assessments on deposit notes, $6,681 16
Return premiums due,
Prem's more than three months due, § 28 70
Gross assets,
:,091 65
41 37
747 63
1,880 65
Liabilities.
Losses adjusted, unpaid, ....
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Return premiums on cancelled, policies, .
State and local taxes, ....
Commissions and brokerage, .
Gross liabilities, ....
Balance against the company, .
8474 92
6,566 71
36 50
218 91
123 36
5 74
7,426 14
1,515 49
Income.
Premiums outstanding Dec. 31, 1895, . . $3,544 56
Premiums on risks written or renewed, . . 8,808 27
Total, $12,352 83
Premiums now in course of collection, . . . 28 70
Entire premiums collected, .... $12,324 13
Less reinsurance and return premiums, . . 6,893 89
Net cash premiums received, .
Received for extra premiums, .
Interest and dividends received from all sources,
Income from assessments,
Gross cash income,
$5,430 24
202 58
86 24
6,272 30
fll,991 36
Expenditures.
Cash paid for losses, . . . .
Deduct salvage and reinsurance, . .
Net cash paid for losses,
Cash paid for commissions and brokerage,
Cash paid for salaries of officers and employees,
$7,434 07
17 17
$7,416 90
.
872 31
e a .
3,590 00
26 COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO.
Cash paid for State and local taxes,
for rents, . . *
for incidentals,
Gross cash expenditures, .
$25 00
400 00
2,065 47
$14,369 68
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $1,017,009 00 $16,665 53 $49,996 59
Risks written during 1896, . 428,130 00 8,808 27 26,424 81
Total, . . . . $1,445,139 00
Risks terminated during 1896, . 1,441,339 00
In force at end of year,
5,800 00
$73 00
$25,473 80 $76,421 40
25,400 80 76,202 40
$219 00
Miscellaneous.
Losses incurred during the year, $14,230 00
Assessments laid on deposit notes or contingent premiums, . 12,953 00
COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSURANCE
COMPANY, BOSTON.
[Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875.]
M. V. B. JEFFERSON, President. BENJAMIN TAFT, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Fitchburg Railroad bonds, . . . . $24,000 00 $25,480 00
Chicago, Burlington & Quincy R R. bonds, . 10,000 00 9,800 00
Boston city bond, 2,000 00 2,020 00
Metropolitan Street Railroad bonds, . . 15,000 00 15,312 50
Maine Central R.R. bonds, .... 36,000 00 36,950 00
Cheshire R.R. bonds, 17,000 00 17,382 50
Portland & Ogdensburg R.R. bonds, . . 10,000 00 10,400 00
New York & New England R.R. bonds, . . 17,000 00 18,955 00
Lynn & Boston R.R. bonds, .... 12,000 00 12,000 00
Middlesex R.R. bonds, 1,000 00 1,050 00
Highland Street RR. bonds, .... 1,00000 1,03500
South Boston R.R. bonds, 5,000 00 5,250 00
West End Street R R bonds 17,000 00 17,140 00
COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 27
Connecticut River R.R. scrip, .
Bangor & Aroostook R.R. bonds,
Corporation notes,
Par Value.
$5,000 00
15,000 00
25,000 00
Market Value.
$5,000 00
15,000 00
25,000 00
$212,000 00 $217,775 00
Summary of Assets Dec
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
31, 1896.
$217,775 00
2,891 63
51,369 33
3,863 27
3,251 49
800 00
$279,950 72
Liabilities.
Unearned premiums on outstanding risks, . $152,433 21
State and local taxes, 600 10
Gross liabilities,
153,033 31
Net cash assets, $126,917 41
Income.
Premiums outstanding Dec. 31, 1895, . . $7,081 23
Premiums on risks written or renewed, . . 322,166 18
Total, $329,247 41
Premiums now in course of collection, . . 3,251 49
Entire premiums collected, .... $325,995 92
Net cash premiums received, .
Interest and dividends received from all sources, .
Gross cash income,
$325,995 92
12,271 60
$338,267 52
Expenditures.
Net cash paid for losses,
Cash paid as profits on terminated policies, .
for inspections, ....
for salaries of officers and emplo} 7 ees,
for State and local taxes,
for rents and joint office expenses, .
for incidentals, ....
$45,178 01
222,758 72
9,991 34
8,252 40
3,442 54
6,814 10
1,825 79
Gross cash expenditures, .
$298,262 90
28
DEDHAM MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $30,365,256 00 $303,261 28 $1,516,306 40
Risks written during 1896, . 37,089,511 00 322,166 18 1,610,830 90
Total, $67,454,767 00 f 625,427 46 $3,127,137 30
Risks terminated during 1896, . 34,726,222 00 320,561 05 1,602,805 25
In force at end of year, . . $32,728,545 00 $304,866 41 $1,524,332 05
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1896, 70 per cent.
$41,533 00
DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM.
[Incorporated Feb. 22, 1837. Commenced business July 1, 1837.]
GEO. B. FAUNCE, President. ELIJAH HOWE, Jr., Secretary.
Amount of permanent fund, .
,765 77
Detailed Statement of Stocks, Bonds, etc.
Par Value, Market Value.
Dedham National Bank stock, . . . . $1,200 00 $1,200 00
Dedham Water Company stock, . . . 2,500 00 2,500 00
Atch., Topeka & Santa Fe R.R. stock, . . 5,000 00 700 00
Atch., Topeka & Santa Fe R'y stock, . . 7,300 00 1,679 00
Boston city bonds, 2,000 00 2,200 00
Cincinnati city bonds, 6,000 00 6,960 00
Salem water bonds, 3,000 00 3,240 00
Washington County (111.) bonds, . . . 5,000 00 5,000 00
N. H. Trust Company bonds, ..... 4,50000 3,25000
Western Security Company bonds, . . 6,000 00 3,600 00
Lombard Investment Company bonds, . . 3,240 00 1,990 00
New England Mortgage Security Co. bonds, . 8,000 00 7,600 00
Boston & Lowell R.R bonds, .... 10,000 00 10,500 00
Kan. City, St. Jos. & Council Bluffs R.R. bonds, 2,000 00 2,360 00
Atch., Topeka & Santa Fe R R. bonds, . . 12,000 00 7,960 00
Philadelphia & Reading R.R. bonds, . . 5,000 00 6,350 00
Old Colony R.R. bonds, 2,000 00 2,100 00
Union Pacific Railway bonds, .... 16,000 00 14,100 00
St. Johnsbury & Lake Champlain R.R. bonds, 6,000 00 7,147 50
$106,740 00 $90,436 50
DEDHAM MUTUAL FIRE INSURANCE CO.
29
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens)
Interest due or aecrued thereon,
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Gross assets,
$36,400 00
1,323 76
90,436 50
646 99
1,799 59
1,158 00
2,554 30
$134,319 14
Liabilities.
Losses adjusted, unpaid, ..... $1,500 00
Unearned premiums on outstanding risks, . 41,424 60
Return premiums on cancelled policies, . . 152 04
Profits or surplus on terminated policies, unpaid, 1,586 11
Commissions and brokerage, .... 383 14
Gross liabilities,
Net cash assets,
45,045 89
,273 25
$2,804 66
28,573 06
$31,377
2,554
72
30
$28,823
385
42
34
Income.
Premiums outstanding Dec. 31, 1895,
Net collected, .
Premiums on risks written or renewed, .
Total, .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest received on mortgages,
Interest and dividends received from all other sources,
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents, . . . . .
for incidentals,
},804 66
$28,438 08
1,225 12
3,855 15
$33,518 35
$12,539 54
10,925 01
4,184 79
4,544 24
324 68
270 00
755 00
Gross cash expenditures, .
$33,543 26
30
DORCHESTER MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31,1895, $4,904,622 00 $77,242 21 $77,242 21
Risks written during 1896, . . 1,811,986 00 28,573 06 28,573 06
Total, $6,716,608 00 $105,815 27 $105,815 27
Risks terminated during 1896, . 1,513,549 00 23,428 59 23,428 59
In force at end of year, . .$5,203,059 00 $82,386 68 182,386 68
Miscellaneous.
Losses incurred during the year, . . . . . . $13,091 00
Profits or surplus returned during 1896, 25, 33 J, 50 and 70 per cent.
DORCHESTER MUTUAL FIRE INSURANCE COMPANY,
BOSTON.
[Incorporated February, 1855. Commenced business July, 1855.]
THOMAS F. TEMPLE, President. W. D. C. CURTIS, Secretary.
Office, Neponset.
Amount of permanent fund,
. $200,000 00
Detailed Statement of Stocks,
Detroit, Lansing & Northern Railroad bonds,
Fitchburg Railroad bonds,
Chicago, Burlington & Quincy Railroad bonds
56 shares Blue Hill National Bank,
50
20
20
12
10
30
33
10
5
10
304
273
75
Boston National Bank, .
Howard National Bank, .
Continental National Bank, .
Hide and Leather National Bank,
New England National Bank,
Columbian National Bank,
State National Bank,
Mt. Wollaston National Bank,
Granite National Bank, .
Weymouth National Bank,
Boston & Albany Railroad,
Old Colony Railroad,
Boston & Maine Railroad,
Bonds, etc.
Par Value.
$7,000 00
32,000 00
10,000 00
5,600 00
5,000 00
2,000 00
2,000 00
1,200 00
1,000 00
3,000 00
3,300 00
1,000 00
500 00
1,000 00
30,400 00
27,300 00
7,500 00
Market Value.
$4,550 00
33,480 00
9,800 00
5,880 00
4,500 00
1,780 00
2,000 00
1,296 00
1,500 00
2,940 00
3,597 00
1,400 CO
650 00
1,200 00
63,536 00
48,867 00
12,450 00
DORCHESTER MUTUAL FIRE INSURANCE CO.
31
56 shares Boston & Lowell Railroad,
123 " Boston Lead M'fg Co , .
300 " International Trust Co., .
Par Value.
$5,600 00
12,300 00
30,000 00
Market Value.
$11,536 00
18,450 00
60,000 00
$187,700 00 $289,412 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (fir
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (g
Rents due and accrued,
Prem's more than three mos. due,
Gross assets,
state,
$22,000 00
[•st liens*),
21,588 13
450 00
289,412 00
6,556 79
880 00
£ross),
13,945 69
120 00
. $2,120 15
$354,952 61
Liabilities.
Losses adjusted, unpaid, $4,099 21
Unearned premiums on outstanding risks, . 251,472 29
Profits or surplus on terminated policies, unpaid, 3,200 00
Due for borrowed money, .... 15,000 00
Commissions and brokerage, .... 2,095 54
Gross liabilities,
275,867 04
Net cash assets,
$79,085 57
Income
Premiums outstanding Dec. 31, 1895,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
,460 81
1,248 45
$15,212 36
140,474 77
$155,687 13
16,065 84
$139,621 29
3,801 35
$135,819 94
1,435 36
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$17,000 00
20,400 00
19,000 00
32
EAGLE MUTUAL FIRE INSURANCE CO.
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents, .......
Gross cash income, ;
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance.
Net cash paid for losses,
Cash paid as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
for interest on borrowed money,
Gross cash expenditures, ....
$1,175 50
12,755 77
1,698 00
.
$152,884 57
$80,352 33
2,867 50
$77,484 83
57,107 41
21,805 58
8,695 02
2,452 83
, .
4,079 27
500 00
. $172,124 94
Risks and Premiums.
Amount. \ Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $33,048,292 00 $513,921 05 $513,921 05
Risks written during 1896, . 8,942,725 00 140,474 77 140,474 77
Total, .... $41,991,017 00 $654,395 82 $654,395 82
Risks terminated during 1896, . 9,176,264 00 140,869 91 140,869 91
In force at end of year, . . $32,814,753 00 $513,525 91 $513,525 91
Miscellaneous.
Losses incurred during the year, . . . . . . $84,452 00
Profits or surplus returned during 1896, 20, 40 and 60 per cent.
EAGLE MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated May 6, 1895. Commenced business Aug. 1, 1895.]
HENRY F. WHITNEY, President. GEORGE B. HEATON, Secretary.
Office, 44 Kilby Street.
Summary of Assets Dec. 31, 1896.
Cash deposited in bank, $269 29
Unpaid assessments, . . . $6,890 48
Gross assets, —
$269 29
EAGLE MUTUAL FIRE INSURANCE CO.
33
Liabilities.
Losses adjusted, unpaid, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Gross liabilities,
Balance against the company, .
$2,552 87
650 00
51 91
850 00
1,104 78
$3,835 49
Income.
Premiums outstanding Dec, 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest received from all sources, .
Received from assessments,
Gross cash income,
$6,513 78
7,303 86
$13,817 64
228 72
$13,588 92
8,302 95
$5,285 97
14 52
6,565 85
$11,866
34
Expenditures.
Cash paid for losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$5,640 24
905 69
5,225 89
75 82
2,563 77
$14,411 41
Risks and Premiums.
Risks outstanding Dec. 31, 1895,
Risks written during 1896,
Total, .
Amount.
[,086,106 00
426,261 00
.,512,367 00
Risks terminated during 1896, . 1,502,480 00
In force at end of year, . . $9,887 00
Cash Prem's. Conting't Prem's.
$11,776 56 $35,329 68
7,303 86 21,911 58
$103 82
$19,080 42 $57,241 26
18,976 60 56,929 80
$311 46
Miscellaneous.
Losses incurred during the year,
Assessments laid on deposit notes or contingent premiums,
$8,514 00
16,404 00
34
EASTERN MUTUAL FIRE INSURANCE CO.
EASTERN MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Jan. 3, 1894. Commenced business Feb. 1, 1894.]
HARRY J. JAQUITH, President. M. SINCLAIR WILLIAMS, Secretary.
Office, 30 Congress Street.
Summary of Assets Dec
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Due and accrued for rents, policies, etc., .
Gross liabilities, .....
Net cash assets,
31, 1896.
$3,439 70
5,969 31
1,071 46
$615 72
3,613 43
4,423 95
294 80
287 00
Income.
Premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected, .....
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest and dividends,
$7,044 78
183 37
$6,861 41
16,709 13
$23,570 54
1,423 15
$22,147 39
8,213 65
,480 47
9,234 90
51,245 57
$13,933 74
97 18
439 93
Gross cash income, $14,470 85
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance,
Net cash paid for losses, .....
Cash paid for salaries of officers and employees,
for Slate and local taxes,
for rents,
for incidentals,
$30,851 57
1,586 25
Gross cash expenditures,
$29,265 32
1,630 00
347 52
900 00
2,367 86
$34,510 70
ESSEX MUTUAL FIRE INSURANCE CO.
35
Risks and Premiums.
Amount. Cash Prem's. Conting'tPrem's.
Risks outstanding Dec. 31, 1895, $2,517,482 00 $43,884 21 $131,652 63
Risks written during 1896, . 925,324 00 16,709 13 50,127 39
Total, $3,442,806 00 $60,593 34 $181,780 02
Risks terminated during 1896, . 2,994,096 00 51,745 45 155,236 35
In force at end of year, . . $448,710 00
5,847 89 $26,543 67
Miscellaneous.
Losses incurred during the year, .
,817 00
ESSEX MUTUAL FIRE INSURANCE COMPANY, SALEM.
[Incorporated 1829. Commenced business 1829.]
HENRY M. MEEK, President. CHARLES H. ODELL, Secretary.
Amount of permanent fund, .
$51,152 23
Detailed Statement of
Oregon Improvement Co. bonds,
American Investment Co. bonds,
Cleveland & Canton R'y Co. bonds
City of Missoula (Mont.) bonds,
City of Chicago bonds,
Duluth Transfer Co. bonds,
19 shares Asiatic National Bank,
14 " Salem National Bank,
41 " Mercantile National Bank
16 " Lynn Gas and Electric Co
30 " Union Stock Yards Co.,
Stocks, Bonds, etc.
Par Value.
$5,000 00
1,500 00
5,000 00
4,000 00
1,000 00
3,000 00
570 00
1,400 00
4,100 00
1,600 00
3,000 00
Market Value.
$5,000 00
600 00
1,750 00
4,320 00
1,080 00
3,000 00
570 00
1,680 00
4,428 00
3,200 00
3,750 00
$30,170 00 $29,378 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, - . $24,600 00
Loans on mortgage of real estate (first liens), 3,000 00
Interest due or accrued thereon, ... 90 00
Stocks, bonds, etc., as per schedule, . , 29,378 00
Cash in the office of the company, ... 34 52
36
ESSEX MUTUAL FIRE INSURANCE CO.
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Rents due and accrued,
Salvage, etc , . . . .
Reinsurance, .... $4,379 54
Gross assets,
$2,052 36
354 70
4,331 06
250 00
1,550 31
,640 95
Liabilities.
Losses adjusted, unpaid,
Losses claimed and reported, ....
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
Due for borrowed money, . .
State and local taxes,
Commissions and brokerage, ....
Gross liabilities,
Net cash assets,
$7,796 34
2,905 00
20,662 89
543 58
4,559 86
5,000 00
53 82
701 49
42,222 98
. .
$23,417 97
Income
Premiums outstanding Dec. 31, 1895,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, etc., .
Gross cash income,
$15,615 52
245 72
$15,369 80
35,844 44
$51,214 24
4,547 01
$46,667 23
34,345 73
sources, .
$12,321 50
180 00
1,937 45
700 99
$15,139 94
Expenditures.
Cash paid for losses, ....
Deduct salvage and reinsurance,
Net cash paid for losses, ....
Cash paid as profits on terminated policies,
Cash paid for commissions and brokerage,
$48,351 25
7,911 69
$40,439 56
5,260 88
7,428 85
FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 37
Cash paid for salaries of officers and employees, .
for State and local taxes, .
for rents and inspections, ....
for incidentals,
Gross cash expenditures,
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $7,539,024 00 $107,75109 $107,75109
Risks written during 1896, . 2,239,320 00 35,844 44 35,844 44
$3,567 50
749
19
879
99
2,468
43
,794 40
Total, $9,778,344 00 $143,595 53 $ 143,595 53
Risks terminated during 1896, 7,745,391 00 106,780 56 106,780 56
In force at end of year, . .$2,032,953 00 $36,814 97 $36,814 97
Deduct amount reinsured, . 4,383 00 63 75 63 75
Net amount in force, .
',028,570 00 $36,751 22 $36,751 22
Miscellaneous.
Losses incurred during the year, . . . . . . $38,437 00
Profits or surplus returned during 1896, 20, 40 and 60 per cent.
FALL RIVER MANUFACTURERS' MUTUAL INSURANCE
COMPANY, FALL RIVER.
[Incorporated Feb. 11, 1870. Commenced business May 1, 1870.]
THOMAS J. BORDEN, President. CHARLES S. WARING, Secretary.
Detailed Statement of Stocks, BOnds, etc.
Par Value. Market Value.
Taunton city bonds, $15,000 00 $15,900 00
Fall River city bonds, 21,000 00 24,450 00
Boston city bonds, 40,000 00 42,400 00
Newport (R. I.) city bonds, .... 20,00000 21,40000
Cleveland (O.) city bonds, . . . . . 25,000 00 26,250 00
Boston & Lowell Railroad bonds, . . . .30,000 00 30,475 00
Boston & Providence Railroad bonds, . . 20,000 00 20,800 00
Concord & Montreal Railroad bonds, . . 15,000 00 15,450 00
Chicago, Burl. & Quincy Railroad bonds, . 15,000 00 13,200 00
Phila , Wilmington & Baltimore R.R. bonds, . . 20,000 00 19,800 00
Old Colony R.R. bonds, . . . . - . 30,000 00 31,350 00
Boston & Maine R.R. bonds, . . . . 10,000 00 10,450 00
$261,000 00 $271,925 00
38 FALL RIVER MANUFACTURERS* MUTUAL INSURANCE CO.
Summary of Assets Dec. 31, 1896.
Stocks, bonds, etc., as per schedule, . . . $271,925 00
Cash in the office of the company, . . . 225 39
Cash deposited in bank, 41,238 04
Interest due and accrued, 3,624 37
Premiums in course of collection (gross), . 1,565 13
Gross assets,
1318,577 93
Liabilities.
Losses claimed and reported, .... $220 00
Unearned premiums on outstanding risks, . 154,235 00
State and local taxes, 539 65
Gross liabilities, . . . ,
154,994 65
Net cash assets, $163,583 28
Income.
Premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected, f 2,578 13
Premiums on risks written or renewed, . . 323,864 07
Total, $326,442 20
Premiums now in course of collection, . . 1,565 13
Entire premiums collected, .... $324,877 07
Less reinsurance and return premiums, . . 13,365 09
Net cash premiums received, .
Interest and dividends received from all sources, .
$2,580 06
1 93
$311,511 98
11,511 03
Gross cash income, $323,023 01
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents, ......
for inspections, ....
for incidentals, ....
$42,444 25
207,717 63
11,142 00
3,098 95
504 00
5,455 56
1,265 03
Gross cash expenditures,
$271,627 42
FITCHBURG MUTUAL FIRE INSURANCE CO.
39
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $36,370,355 00 $319,628 05 $1,598,140 25
Risks written during 1896, . 38,125,521 00 323,864 07 1,G 19,320 35
Total, .... $74,495,876 00 $643,492 12 $3,217,460 60
Risks terminated during 1896, . 38,216,919 00 335,022 11 1,675,110 55
In force at end of year, . . $36,278,957 00 $308,470 01 $1,542,350 05
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1896, 64 T 6 L 5 P er cent.
$37,305 00
FITCHBURG MUTUAL FIRE INSURANCE COMPANY,
FITCHBURG.
[Incorporated March 23, 1847. Commenced business Sept. 1, 1847.]
AMASA NORCROSS, President. EDWARD P. DOYVNE, Secretary.
Amount of permanent fund, $106,226 50
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Cheshire Railroad bonds, . . . $5,000 00 $5,000 00
Fitchburg Railroad bonds 5,000 00 5,000 00
Investment Trust Co. of America, . . . 7,500 00 7,500 00
Minnesota Thresher Manufacturing Co., . . 24,000 00 24,000 00
City of Fitchburg Water bonds, ... 5,000 00 5,000 00
10 shares Fitchburg National Bank, . . 1,000 00 1,400 00
20 " Rollstone National Bank, . . . 2,000 00 2,800 00
10 " Fitchburg Railroad, .... 1,000 00 920 00
15 " Springfield Safe Dep. & Trust Co , . 1,500 00 2,070 00
25 " Investment Trust Co. of America, . 2,500 00 2,500 00
$54,500 00 $56,190 00
Securities held as collateral for cash loans : —
40 shares Simonds Manufacturing Co., . .
40 " Simonds Manufacturing- Co., .
50 " Garfield & Proctor Coal Company, .
Market Value. Loaned Thereon.
$6,000 00 $3,200 00
6,000 00 3,000 00
6,250 00 4,500 00
$18,250 00 $10,700 00
40
FITCHBURG MUTUAL FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *')
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule
All other cash loans,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Rents due and accrued,
Gross assets,
$80,000 00
34,639 00
807 82
56,190 00
10,700 00
3,900 00
1,130 71
8,550 08
1,069 02
16,311 16
561 00
$213,858 79
Liabilities.
Losses adjusted, unpaid, $7,679 19
Unearned premiums on outstanding risks, . 138,774 43
Profits or surplus on terminated policies, unpaid, 250 00
Due for borrowed money, .... 25,000 00
State and local taxes, 997 39
Commissions and brokerage, .... 2,127 54
Gross liabilities, . . . . .
174,828 55
Net cash assets,
,030 24
Income.
Premiums outstanding Dec. 31, 1895, . . $17,635 00
Net collected, $17,635 00
Premiums on risks written or renewed, . . 121,384 60
Total, $139,019 60
Premiums now in course of collection, . . 16,311 16
Entire premiums collected, .... $122,708 44
Net cash premiums received, . . . . $122,708 44
Received for extra premiums, 1,212 00
Interest received on mortgages, 2,229 74
Interest and dividends received from all other sources, . . 2,872 50
Income from rents, 3,361 58
Gross cash income, . $132,384 26
* Value of lands mortgaged, $20,050 00
Value of buildings thereon 49,250 00
Amount of insurance held as collateral, .... 39,640 00
FRANKLIN MUTUAL FIRE INSURANCE CO.
41
Expenditures.
Cash paid for losses, . . . .
Deduct salvage and reinsurance,
Net cash paid for losses,
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals, . . . .
for expenses on real estate,
Gross cash expenditures, ....
,383 01
536 03
$70,846 98
25,183 83
16,410 59
8,801 46
2,236 48
7,786 08
2,669 13
. $133,934 55
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $22,363,958 00 $346,859 67 $346,859 67
Risks written during 1896, . 8,233,831 00 121,384 60 121,384 60
Total, ...... $30,597,789 00 $468,244 27 $468,244 27
Risks terminated during 1896, . 10,304,909 00 155,337 30 155,337 30
In force at end of year,
,292,880 00 $312,906 97 $312,906 97
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1896, 10 and 20 per cent.
$62,082 00
FRANKLIN MUTUAL FIRE INSURANCE COMPANY,
GREENFIELD.
[Incorporated Feb. 11, 1828. Commenced business Sept. 29, 1829.]
NELSON BURROWS, President. JOHN D. BOUKER, Secretary.
Amount of permanent fund, .
t,524 52
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
50 shares Greenfield Gas Light Company, . $2,500 00 $2,500 00
6 " Franklin County National Bank, . 600 00 624 00
1,100 00
i,124 00
42
FRANKLIN MUTUAL FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $ 1,000 00
Stocks, bonds, etc., as per schedule, . . . 3,12-1 00
Personal loans, . 870 31
Cash deposited in bank, 6,092 17
Interest due and accrued, .... 80 44
Premiums in course of collection (gross), . 1,207 15
Rents due and accrued, 100 00
Assessments due, . . . $12,491 08
Prem's more than three mos. due, 2,938 65
Gross assets,
$12,474 07
Liabilities.
Losses adjusted, unpaid, ....
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Gross liabilities, ....
Impairment,
$1,523 07
3,215
42
9,808
56
243
18
2
85
205
07
14,998 15
$2,524 08
Income.
Premiums outstanding Dec. 31, 1895, . . $6,736 12
Same not collected, 1,682 07
Net collected $5,054 05
Premiums on risks written or renewed, . 16,933 61
Total, $21,987 66
Premiums now in course of collection, . 2,463 73
Entire premiums collected, .... $19,523 93
Less reinsurance and return premiums, . 4,205 07
Net cash premiums received, ....
Interest and dividends received from all sources,
Income from rents, . . . . . . ...
Received from assessments,
Gross cash income,
|15,318 86
118 CO
100 00
14,083 20
$29,620 06
Expenditures.
Cash paid for losses, .
Deduct salvage and reinsurance,
Net cash paid for losses, .
Cash paid for commissions and brokerage,
$16,913 06
169 67
,743 39
2,694 39
GROVELAND MUTUAL FIRE INSURANCE CO. 43
Cash paid for salaries of officers and employees, . . . $2,581 67
for State and local taxes, 335 18
for rents, 156 25
for incidentals, 1,143 59
Gross cash expenditures, $23,654 47
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $2,743,386 00 $40,052 90 $40,052 90
Risks written during 1896, . 787,524 00 16,933 61 16,933 61
Total, .... $3,530,910 00 $56,986 51 $56,986 51
Risks terminated during 1896, 2,177,156 00 33,940 17 33,940 17
In force at end of year, . . $1,353,754 00 $23,046 34 f 23,046 34
Deduct amount reinsured, . 2,400 00 43 25 43 25
Net amount in force, . $1,351,354 00 $23,003 09 $23,003 09
Miscellaneous.
Losses incurred during the year, ...... $10,739 00
GROVELAND MUTUAL FIRE INSURANCE COMPANY,
GROVELAND.
[Incorporated March 28, 1828. Commenced business March 28, 1828.]
MOSES FOSTER, President. NATHANIEL H. GRIFFITH, Secretary.
[Note. — This company charges no cash premiums, hut relies upon assessments on deposit
notes to pay losses and expenses.]
Summary of Assets Dec. 31, 1896.
Cash in the office of the company, ... $7 49
Cash deposited in bank, 632 20
Gross assets, $639 69
Liabilities.
Amount of unpaid losses, .... $300 00
Gross liabilities, ..... 300 00
Net cash assets, $339 69
Income.
Interest on deposits, . . . . . - . . . . $40 00
Income from policy fees, . . 153 00
Assessments on deposit notes, 451 42
Gross cash income, ........ $644 42
44 HAMPSHIRE MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
for salaries of officers and employees, .
for State and local taxes,
for rents,
$708 47
423
22
14
82
40
00
Gross cash expenditures, $1,186 51
Risks and Premiums.
Amount. Conting't Prem's.
Risks outstanding Dec. 31, 1895, . . . $1,675,193 00 $119,979 59
Risks written during 1896, .... 353,709 00 25,174 20
Total, . . . $2,028,902 00 $145,153 79
Deduct risks expired and terminated, . . 321,177 00 22,745 35
In force at end of year, $1,707,725 00 $122,408 44
Miscellaneous.
Losses incurred during the year, ....... f 108 00
HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY,
NORTHAMPTON.
[Incorporated March 6, 1830. Commenced business July 1, 1832.]
CHARLES N. CLARK, President. OLIVER WALKER, Secretary.
Amount of permanent fund, $27,523 66
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
63 shares Conn. River R.R.,
20 " Northampton National Bank, .
25 " Chicago, Burl. & Quincy R.R., .
Chicago, Burlington & Quincy R.R. bonds,
Conn. River R R. scrip dividend,
Kansas Pacific R.R. consols, . .
J6,300 00 $15,750 00
2,000 00 2,800 00
2,500 00 1,750 00
400 00 400 00
1,000 00 1,000 00
5,000 00 3,300 00
$17,200 00 $25,000 00
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *), $16,800 00
Interest accrued thereon, 319 59
Stocks, bonds, etc., as per schedule, . . . 25,000 00
* Value of lands mortgaged, $10,200 00
Value of buildings thereon, 27,800 00
Amount of insurance held as collateral 22,800 00
HAMPSHIRE MUTUAL FIRE INSURANCE CO.
45
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Gross assets,
$15 '02
632 10
376 77
$43,143 48
Liabilities.
Unearned premiums on outstanding risks, . $ 25,885 39
Profits or surplus on terminated policies, unpaid, 178 85
State and local taxes, 31 39
Gross liabilities, . . . . . .
26,095 63
Net cash assets, $17,047 85
$14,474 76
507 71
Income.
Premiums on risks written or renewed, . .
Entire premiums collected,
Less reinsurance and return premiums, . .
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages, .....
Interest and dividends received from all other sources, .
Gross cash income, , .
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for rents,
for incidentals, ....
Gross cash expenditures, .
,474 76
$13,967 05
90
99
1,053
10
942
92
$16,054 06
$7,109 20
6,808 31
1,566
50
. 1,465
00
126
91
150 00
225
37
$17,451 29
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1895, $3,976,755 00 $55,834 26
Risks written during 1896, . 1,011,007 00 14,474 76
Total, $4,987,762 00
Risks terminated during 1896, . 1,045,642 00
In force at end of year,
1,942,120 00
$70,309 02
14,755 45
Conting't Prem's.
$55,834 26
14,474 76
$70,309 02
14,755 45
i5,553 57 $55,553 57
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1896, 50 per cent.
$7,109 00
46
HINGHAM MUTUAL FIRE INSURANCE CO.
HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM.
[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.]
WM. FEARING-, 2d, President. HENRY W. CUSHING, Secretary.
Amount of permanent fund, ....;.. $193,042 98
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
30 shares Hingham National Bank, Hingham, $3,000 00 $3,000 00
60 " Old Colony Nat'l Bank, Plymouth, 6,000 00 7,500 00
8 " Abington National Bank, Abington, 800 00 880 00
10 " Globe National Bank, Boston, . 1,000 00 840 00
19 " Hamilton National Bank, Boston, . 1,900 00 2,014 00
29 " Eagle National Bank, Boston, . 2,900 00 2,276 50
12 " Union National Bank, Boston, . 1,200 00 1,563 00
34 " State National Bank, Boston, . . 3,400 00 3,680 50
26 " North America Nat'l Bank, Boston, 2,600 00 2,522 00
11 " Commerce National Bank, Boston, 1,100 00 1,232 00
30 " Webster National Bank, Boston, . 3,000 00 3,007 50
50 " Hingham Water Company, . . 5,000 00 6,000 00
92 " Old Colony Railroad, . . . 9,200 00 16,284 00
109 " Boston & Albany Railroad, . . 10,900 00 22,781 00
27 " Chicago, Burlington &QuincyR.R., 2,700 00 1,896 75
Eastern Railroad bonds, 5,000 00 5,900 00
Union Pacific Railroad bonds, .... 5,000 00 5,150 00
Chicago, Burlington & Quincy Railroad bonds, 5,800 00 6,456 50
Hingham Water Company bonds, . . . 10,000 00 10,300 00
Fitchburg Railroad bonds, .... 15,000 00 15,900 00
Securities held as collateral for cash loans : —
Helena Consolidated Water Company bonds,
Boston & Lowell Railroad bonds,
200 shares Burl , Cedar Rapids & N'th'n R.R
100 " General Electric Company,
Current River Railroad bonds, .
200 shares Union Pacific Railroad, .
Little Rock & Fort Smith Railroad bonds,
Union Pacific, Denver & Gulf R.R. bonds,
Kansas Pacific R.R. bonds,
85 shares Maine Central R.R.,
200 " Cent. Mass. R.R., .
50 " Hereford Railway Co., .
250 " Metropolitan Steamship Co.,
$95,500 00 $119,183 75
Market Value. Loaned Thereon.
$23,060 00 $18,964 28
21,850 00 15,000 CO
16,810 00 12,000 00
26,880 00
87,500 00
20,000 00
25,000 00
$176,100 00 $90,964 28
HINGHAM MUTUAL FIRE INSURANCE CO.
47
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Prern's more than three mos. due, . $86 41
Gross assets,
31, 1896.
$15,426 74
112,700 00
2,324 54
119,183 75
90,964 28
702 44
9,620 84
1,924 90
593 45
$353,440 94
Liabilities.
Losses claimed and reported, .... $100 00
Unearned premiums on outstanding risks, . 198,014 82
Profits or surplus on terminated policies, unpaid, 2,998 20
Commissions and brokerage, .... 100 92
Gross liabilities,
Net cash assets,
Income
Premiums outstanding Dec. 31, 1895,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from sale of real estate,
Gross cash income, .
Expenditures
Cash paid for losses, ....
as profits on terminated policies,
for commissions and brokerage,
$986 40
86 41
$899 99
93,029 41
$93,929 40
679 86
$93,249 54
3,689 67
sources, .
$1,500 00
201,213 94
$152,227 00
,559 87
2,435 20
5,676 75
9,750 65
$107,422 47
f40,731 17
58,051 86
13,480 16
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$58,500 00
145,950 00
124,800 00
48
HOLYOKE MUTUAL FIRE INSURANCE CO.
Cash paid for salaries of officers and employees, .
for State and local taxes, .....
for incidentals,
Gross cash expenditures,
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1895, $28,118,083 00 $410,103 87
Risks written during 1896, . 6,314,904 00 93,029 41
Total, .... $34,432,987 00 $503,133 28
Risks terminated during 1896, 5,917,569 00 86,111 66
In force at end of year,
,515,418 00 $417,021 62
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1896, 50 and 70 per cent.
$5,638
1,028
1,651
18
66
82
$120,581 85
Conting't Prem's.
$410,103 87
93,029 41
$503,133
86,111
28
66
$417,021 62
$38,930 00
HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM.
[Incorporated March 14, 1843. Commenced business May 23, 1843.]
CHARLES H. PRICE, President. WALTER L. HARRIS, Secretary.
THOS H. JOHNSON", Vice-President.
Guaranty Capital, $100,000.
Amount of permanent fund,
$494,105 40
Detailed Statement
Wayne County (Mich.) bonds,
Marion County (Ind.) bonds, .
Washington County (111.) bonds,
Boston (Mass.) city bonds,
Billeriea (Mass.) town bonds, .
Birmingham (Ala.) city bonds,
Cincinnati (Ohio) city bonds, .
Columbus (Ohio) city bonds, .
Cleveland (Ohio) city bonds, .
Cambridge (Mass.) city bonds,
Des Moines (Iowa) city bonds,
Dayton (Ohio) city bonds,
Evansville (Ind.) city bonds, .
Dover (N. H.) city bonds,
Fitchburg (Mass.) city bonds, .
Indianapolis (Ind.) city bonds,
Jersey City (N. J.) city bonds,
of Stocks, Bonds, etc.
Par Value. Market Value.
$10,000 00 $10,000 00
10,000 00 10,425 00
2,000 00 2,090 00
5,000 00 5,075 00
2,000 00 2,025 00
5,000 00 3,750 00
16,000 00 18,660 00
15,000 00 16,112 50
13,000 00 13,850 00
5,000 00 5,525 00
3,000 00 3,090 00
10,000 00 10,375 00
6,000 00 6,000 00
5,000 00 5,050 00
2,000 00 2,035 00
10,000 00 10,000 00
5,000 00 5,587 50
HOLYOKE MUTUAL FIRE INSURANCE CO.
49
Par Value. Market Value.
Jeffersonville (Ind.) city bonds, . . . $7,000 00 $7,000 00
Lynn (Mass ) city bonds, .... 12,000 00 12,320 00
Lawrence (Mass.) city bonds, .... 5,000 00 5,337 50
Maiden (Mass.) city bonds, .... 11,00000 11,11500
Manchester (Mass.) town notes, . . . 3,000 00 3,000 00
New Haven (Conn.) city bonds, . . . 5,000 00 5,625 00
Orange (N. J.) city bonds, . . . . 10,000 00 10,750 00
Omaha (Neb.) city bonds, .... 24,500 00 24,745 00
Salem (Mass.) city bonds, .... 4,000 00 4,045 00
St. Louis (Mo.) city bonds, .... 5,000 00 5,212 50
St. Paul (Minn.) city bonds, .... 25,000 00 26,875 00
Atchison, Topeka & Santa Fe Railroad bonds, 14,000 00 9,260 00
Boston & Maine Railroad bonds, . . . 10,000 00 10,100 00
Baltimore & Ohio Railroad bonds, . . . 10,000 00 10,700 00
Burlington & Missouri River R.R. (Neb.) bonds, 10,000 00 9,800 00
Cincinnati, Hamilton & Dayton Railroad bonds, 10,000 00 10,300 00
Chesapeake & Ohio Railroad bonds, . . 10,000 00 11,700 00
Cleveland, L. & Wheeling R.R. bonds, . . 10,000 00 10,400 00
Chicago, Burlington & Northern R.R. bonds, . 10,000 00 10,200 00
Chicago & Alton R.R. bonds, .... 5,000 00 5,600 00
Chicago & Eastern Illinois Railroad bonds, . 5,000 00 5,050 00
Chicago & West Indiana Railroad bonds, . 8,000 00 9,280 00
Central Pacific Railroad bonds, . . . 3,000 00 3,090 00
Central New Jersey Railroad bonds, . . 7,000 00 8,260 00
Eastern Railroad bonds, 10,000 00 11,800 00
East Middlesex Street Railroad bonds, . . 10,000 00 10,100 00
Housatonic Railroad bonds, .... 10,000 00 12,000 00
Jackson, Lansing & Saginaw Railroad bonds, 6,000 00 6.180 00
Kansas City, St Jo. & C. B. Railroad bonds, . 5,000 00 6,000 00
Kansas City, Ft. S. & Memphis R.R, bonds, . 8,000 00 6,800 00
Lehigh Valley Railroad bonds, . . . 5,000 00 5.900 00
New York & New England Railroad bonds, . 15,000 00 17,370 00
New Haven & Derby Railroad bonds, . . 20,000 00 22,000 00
Northwestern Union Railroad bonds, . . 8.000 00 10,800 00
Penobscot S Line Railroad bonds, . . . 10,000 00 10,300 00
Terre Haute & Southeastern R.R. bonds, . 5,000 00 5,400 00
Union Pacific Railroad bonds 28,000 00 25,730 00
Consolidated Vermont Railroad bonds, . . 2,000 00 1,100 00
Boston Building Co., Denver, Col., bonds, . 10,000 00 10,200 00
Col. M. S. Exchange, Denver, Col., bonds, . 10,000 00 10,000 00
Delaware & Hudson Canal Company bonds, . 5,000 00 7,050 00
Keokuk Water Company bonds, . . . 10,000 00 ■ 10,200 00
Western Union Telegraph Company bonds, . 5,000 00 5,250 00
31 shares Old Colony Railroad, . . . 3,100 00 5,487 00
50 " Portland, Portsmouth & Saco R.R. , 5,000 00 7,150 0)
55 " N. Y., New Haven & Hart. R.R., . 5,500 00 9,790 00
100 " Pitts., F. Wayne & Chic. R.R., . 10,000 00 16,200 00
40 " National Exchange Bank. Salem, . 4,000 00 3,600 00
50
HOLYOKE MUTUAL FIRE INSURANCE CO.
10 shares First National Bank, Salem, .
10 " Merchants' National Bank, Salem,
35 " Mercantile National Bank, Salem,
41 " Naumkeag National Bank, Salem,
140 " Salem National Bank, Salem,
30 " Atlantic National Bank, Boston,
10 " Blackstone National Bank, Boston
31 " Continental National Bank, Boston
50 " Freeman's National Bank, Boston
30 " Globe National Bank, Boston,
100 u Merchants' National Bank, Boston
50 " Republic National Bank, Boston,
30 " Revere National Bank, Boston,
100 '* Second National Bank, Boston,
40 " Shoe & Leather Nat'l Bank, Boston
10 " Beverly National Bank, Beverly,
20 " So. Danvers Nat'l Bank, Peabody,
12 " First National Bank, Newburyport
Par Value.
$1,000 00
500 00
3,500 00
4,100 00
14,000 00
3,000 00
1,000 00
3,100 00
5,000 00
3,000 00
10,000 00
5,000 00
3,000 00
10,000 00
4,000 00
1,000 00
2,000 00
1,200 00
Market Value.
f900 00
660 00
3,596 25
5,207 00
16,100 00
3,240 00
870 00
3,100 00
4,350 00
2,520 00
15,300 00
6,900 00
2,400 00
17,700 00
3,600 00
1,420 00
2,405 00
1,536 00
1631,500 00 8687,626 25
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $56,100 00
Loans on mortgage of real estate (first liens *), 99,600 00
Interest due or accrued thereon, . . . 5,835 68
Stocks, bonds, etc., as per schedule, . . 687,626 25
Cash in the office of the company, . . . 3,364 08
Cash deposited in bank, 4,781 25
Interest due and accrued, 9,478 49
Premiums in course of collection (gross), . 891 48
Rents due and accrued, 15 00
Gross assets, . . . . .
f867,692 23
Liabilities.
Losses claimed and reported, . .
Losses disputed or resisted, ....
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, ....
Gross liabilities,
Net cash assets,
$2,300 00
185 00
308,360 07
506 91
1,749 70
129 73
313,231 41
$554,460 82
* Value of lands mortgaged $88,800 00
Value of buildings thereon, 143,600 00
Amount of insurance held as collateral, .... 94,250 00
HOLYOKE MUTUAL FIRE INSURANCE CO.
51
$4,633 36
165,896 33
$170,529 69
891 48
$169,638 21
7,483 50
Income.
Premiums outstanding Dec. 31, 1895,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other sources,
Income from rents, ....
Gross cash income, . .
Expenditures.
Cash paid for losses, .....
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for dividend to guaranty capital,
for incidentals, ....
Gross cash expenditures, . . ...
1,728 36
95 00
$162,154 71
1,899 59
4,562 80
32,494 85
1,682 78
$202,794 73
$54,888 30
80,472 21
25,535 33
16,654 60
2,228 06
7,000 00
5,578 35
$192,356 85
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $41,487,508 00 $607,414 43 $607,414 43
Risks written during 1896, . 11,217,555 00 165,896 33 165,896 33
Total, .... $52,705,063 00 $773,310 76 $773,310 76
Risks terminated during 1896, 10,396,201 00 150,706 25 150,706 25
In force at end of year, . . $42,308,862 00 $622,604 51 $622,604 51
Deduct amount reinsured, . 57,695 00 454 35 454 35
Net amount in force, . $42,251,167 00 $622,150 16 $622,150 16
Miscellaneous.
Losses incurred during the year, . . . . .
Profits or surplus returned during 1896, 25, 50 and 70 per cent.
$55,801 00
52
HOME GUARANTY MUTUAL FIRE INSURANCE CO.
HOME GUARANTY MUTUAL FIRE INSURANCE COMPANY
OF LOWELL.
[Incorporated Oct. 3, 1895. Commenced business Jan. 1, 1896.]
FREDERICK LAWTON, President. WILLIS P. BURBANE, Secretary.
Amount of guaranty capital, ....... $ 50,000 00
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Cash in the office of the company, .
Cash deposited in bank,
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets, ......
Liabilities.
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, . , . .
Net cash assets, .....
Income.
Premiums on risks written, ....
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash premiums received, ....
Interest received on mortgages,
Interest and dividends received from all other sources,
$27,455 50
193 50
414 86
26,319 38
334 19
6,159 44
$60,876 87
$8,142 61
723 91
8,866 52
,010 35
$19,556 39
6,159 44
$13,396 95
249 29
$13,147 66
511 94
1,583 15
rces, .
Gross cash, income,
,242 75
Expenditures.
Cash paid for losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents, ......
for incidentals, ....
Gross cash expenditures, ....
$4,376 19
2,099 24
2,000 00
800 00
200 00
1,577 58
$11,053 01
* Value of lands mortgaged, . . .
Value of buildings thereon, . .
Amount of insurance held as collateral,
}!30,100 00
25,500 00
26,800 00
INDUSTRIAL MUTUAL INSURANCE CO.
53
Risks written during 1896,
Risks terminated during 1896,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Risks and Premiums.
Amount.
11,434,964 00
386,993 00
$1,047,971 00
21,050 00
Miscellaneous.
Losses incurred during the year,
Cash Prem's. Contlng't Prem's.
$19,556 39 |19,556 39
5,736 08
$13,820 31
249 29
5,736 08
$13,820 31
249 29
$1,026,921 00 $13,571 02 $13,571 02
L.376 00
INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated April 17, 1890. Commenced business June 1, 1890.]
B. F. TAFT, President. BENJAMIN TAFT, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
West End Street R.R. bonds, .
Fitchburg R.R. bonds,
Lynn & Boston R.R. bonds,
Maine Central R.R. bonds,
Conn. River R.R. scrip, .
Cheshire R R. bonds,
100 shares United States Rubber Co
Corporation notes, .
Summary of Assets Dec
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities, ....
Par Value.
Market Value.
$25,000 00
$26,000 00
15,000 00
15,225 00
5,000 00
5,000 00
15,000 00
15,150 00
5,000 00
5,000 00
500 00
511 25
10,000 00
7,600 00
42,500 00
42,500 00
$118,000 00
$116,986 25
. 31, 1896.
. $116,986 25
673 40
39,999 73
2,498 30
1,755 02
800 00
$162,712 70
$81,707 48
327 41
82,034 89
Net cash assets,
,677 81
54
LOWELL MUTUAL FIRE INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1895, ;
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Net cash premiums received, ....
Interest and dividends received from all sources,
Gross cash income,
$5,615 61
183,557 15
,172 76
1,755 02
- $187,417 74
7,340 13
. $194,757 87
Expenditures.
Cash paid for losses, . . .
as profits on terminated policies, .
for inspections, ....
for salaries of officers and employees,
for State and local taxes,
for joint office expenses,
for incidentals, ....
Gross cash expenditures, ....
|26,721 10
125,744 10
2,965 81
5,502 86
1,798 74
7,710 65
767 42
. $171,210 68
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstandingDec. 31, 1895, $17,289,870 00 $174,860 26 $874,301 30
Risks written during 1896, . 20,592,435 00 183,557 15 917,785 75
Total, . . . . $37,882,305 00 $358,417 41 $1,792,087 05
Risks terminated during 1896, . 19,463,514 00 195,002 46 975,012 30
In force at end of year, .
,418,791 00 $163,414 95 $817,074 75
Miscellaneous.
Losses incurred during the year, . . .
Profits or surplus returned during 1896, 70 per cent.
$25,030 00
LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL.
[Incorporated March 6, 1832. Commenced business April, 1832.]
JAMES C. ABBOTT, President. JOSEPH PEABODY, Secretary.
Amount of permanent fund Dec. 31, 1895,
Increase during the year, ....
,476 51
3,167 11
Permanent fund Dec. 31, 1896, .
$83,643 62
LOWELL MUTUAL FIRE INSURANCE CO.
55
Detailed Statement of Stocks,
Boston & Lowell Railroad bonds, .
Lowell & Lawrence Railroad bonds,
Fitchburg Railroad bonds,
Consolidated Railroad of Vermont bonds,
Boston city bond,
Maine Central Railroad bonds,
30 shares Lowell Bleachery, .
2
10
2
10
50
5
12
50
30
6
30
20
20
40
Pacific Mills, ....
Lawrence Manufacturing Company,
Hamilton Manufacturing Company,
Lowell Manufacturing Company, .
Massachusetts Cotton Mills,
Appleton Company, ....
Merrimack Manufacturing Company,
Franklin Manufacturing Company,
Hill Manufacturing Company,
Vermont & Massachusetts Railroad,
Boston & Maine Railroad,
Boston & Lowell Railroad,
First National Bank, Lowell, .
Lowell & Andover Railroad, .
Bonds, etc.
Par Value.
$12,000 00
4,000 00
10,000 00
1,000 00
2,000 00
6,000 00
3,000 00
2,000 00
1,000 00
2,000 00
6,900 00
5,000 00
5,000 00
12,000 00
5,000 00
3,000 00
600 00
3,000 00
2,000 00
2,000 00
4,000 00
Market Value.
$12,210 00
4,050 00
10,180 00
555 00
2,260 00
6,120 00
3,150 00
3,780 00
1,207 50
1,880 00
5,600 00
5,200 00
2,512 50
13,890 00
5,212 50
1,882 50
912 00
4,860 00
4,100 00
3,440 00
8,160 00
Summary of Assets Dec.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc , as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued,
Premiums in course of collection (gross),
Prem's more than three mos. due, . $59 13
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Commissions and brokerage, . . . .
Gross liabilities, .
Net cash assets, . . . . .
$91,500 00
$101,162 00
31, 1896.
$8,750 00
154 04
101,162 00
1,465 28
16,112 40
1,059 00
3,285 98
$131,988 70
|2,692 04
52,123 10
847 80
462 64
56,125 58
$75,863 12
* Value of lands mortgaged, . . ,
Value of buildings thereon, . . .
Amount of insurance held as collateral,
$9,500 00
10,500 00
8,000 00
56
LOWELL MUTUAL FIRE INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1895,
Same not collected, .....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all
Income from agency department, .
Gross cash income, .
$3,401 82
429 85
$2,971 97
39,348 10
$42,320 07
3,285 98
$39,034 09
1,532 16
other sources, .
$37,501 93
289 15
470 00
4,040 00
1,625 45
$43,926 53
Expenditures.
Cash paid for losses, . .
Deduct salvage and reinsurance,
Net cash paid for losses,
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures,
,592 16
175 56
,416 60
12,651 34
4,719 90
4,454 25
488 27
500 00
2,068 34
$35,298 70
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1895, $5,457,326 00
Risks written during 1896,
Total,
Risks terminated during 1896,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
2,361,941 00
$7,819,267 00
1,936,838 00
$5,882,429 00
56,950 00
Cash Prem's. Conting't Prem's.
,164 75 $89,164 75
39,348 10 39,348 10
$128,512 85 $128,512 85
29,799 81 29,799 81
,713 04 $98,713 04
695 56 695 56
1,825,479 00 $98,017 48
,017 48
Miscellaneous.
Losses incurred during the year, $9,576 00
Profits or surplus returned during 1896, 25, 33|, 50 and 70 per cent.
LUMBER MUTUAL FIRE INSURANCE CO.
57
LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Feb. 13, 1895. Commenced business March 28, 1895.]
W. C. JOHNSON, President. N. M. JEWETT, Secretary.
Office, 53 Slate Street.
Summary of Assets Dec
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Inspections,
Prem's more than three mos. due, . $68 75
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
Gross liabilities,
Net cash assets,
Income
Premiums outstanding Dec. 31, 1895,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total, .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received from interest and all other sources,
Gross cash income, ....
|602 82
17,858 33
2,844 96
31 25
5 00
5
$21,342 36
16,621 17
$16,621 17
"
5,016 11
89 94
$2,926 17
38,309 54
$41,235 71
2,913 71
$38,322 00
5,679 00
[,721 19
$32,643 00
667 81
$33,310 81
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance, .
Net cash paid for losses,
Cash paid as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, . . - .
for inspections, . .
Gross cash expenditures, ....
> 1,630 03
2,500 00
$19,130 03
2,166 87
4,829 15
374 74
1,474 0.7
2,264 05
$30,238 91
58
LYNN MUTUAL FIRE INSURANCE CO.
Risks outstanding Dec. .31, 1895
Risks written during 1896,
Risks and Premiums.
Amount.
1,288,244 00
1,776,437 00
Total,
Risks terminated during 1896,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
83,064,681 00
1,467,315 00
81,597,366 00
41,050 00
Cash Prem's. Conting't Prem's.
$27,175 35 $81,526 05
38,309 54 114,928 62
565,484 89
31,651 02
33,833 87
590 33
$1,556,316 00 $33,243 54
,454 67
94,953 06
$101,501 61
1,770 99
,730 62
Miscellaneous.
Losses incurred during the year, . ...
Profits or surplus returned during 1896, 10 per cent.
$21,630 00
LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN.
[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828.]
RUFUS KIMBALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary.
Amount of permanent fund, $56,910 38
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
40 shares First National Bank, Lynn, . . $4,000 00 $6,000 00
20 " National City Bank, Lynn, . . 2,000 00 3,700 00
5 " Central National Bank, Lynn, . . 500 00 800 00
10 " Merchants' National Bank, Boston, . 1,000 00 1,575 00
15 " West Newton National Bank, . . 1,500 00 1,890 00
Chicago, Milwaukee & St. Paul R R. bonds, . 1,000 00 1,160 00
Southern Pacific Railroad bonds, . . . 500 00 575 00
Atlantic & Pacific Railroad bonds, . .■ . 1,000 00 400 00
Mexican Central Railroad bonds, . . . 1,000 00 670 00
Toledo city bonds, 1,000 00 1,040 00
Lynn & Boston Railroad bonds, . . . 3,000 00 3,150 00
Chicago & Great Western Railroad bonds, . . 2,000 00 2,000 00
Ohio & West Virginia Railroad bonds, . . 1,000 00 1,170 00
Ogdensburg & Lake Champlain R.R. bonds, . 2,000 00 1,800 00
East Middlesex Railroad bonds, . . . 2,000 00 2,000 00
Equitable Mortgage Company bonds, . . 1,000 00 800 00
Atchison, Topeka & Santa Fe Railroad bonds, 3,450 00 2,290 50
City of Sioux City bond, 500 00 520 00
Boston, Revere Beach & Lynn Railroad bonds, 2,000 00 2,020 00
Atchison, Topeka & Santa Fe Railroad stock, 4,750 00 1,062 00
$35,200 00 $34,622 50
LYNN MUTUAL FIRE INSURANCE CO.
59
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
All other cash loans, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, . $14 00
Gross assets,
31, 1896.
$1,648 99
20,949 00
685 63
34,622 50
3,596 20
108 77
58 42
665 29
42 43
126 00
$70 25
14 00
Liabilities.
Losses claimed and reported, .... $79 33
Unearned premiums on outstanding risks, . 14,182 45
Profits or surplus on terminated policies, unpaid, 362 50
Gross liabilities,
Net cash assets,
Income
Premiums outstanding Dec. 31, 1895,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
$56 25
5,962 14
$6,018
42
39
43
$5,975
338
96
68
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, ....
$62,503 23
14,621 28
$47,878 95
$5,637
28
75
80
1,172
87
1,579
23
5,465 18
M,145 5Q
5,215 40
2,200 00
53 80
288 00
458 58
59,361 34
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$21
29
28
850 00
000 00
600 00
60 merchants' and FARMERS' mutual FIRE INSURANCE CO.
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1895, f 2,025,350 00
Risks written daring 1896, . 429,472 00
Total 12,454,822 00
Risks terminated during 1896, . 411,027 00
In force at end of year,
Cash Prem's. Conting't Prem's.
1,637 80 $53,275 60
5,962 14 11,924 28
$32,599 94
5,572 02
!,043,795 00 f27,027 92
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1896, 100 per cent.
$65,199 88
11,144 04
$54,055 84
$1,203 00
MERCHANTS' AND FARMERS 1 MUTUAL FIRE INSURANCE
COMPANY, WORCESTER.
[Incorporated April 1, 1846. Commenced business Jan. 1, 1847.]
JOHN D. WASHBURN, President. ELIJAH B. STODDARD, Secretary.
Amount of permanent fund,
Detailed Statement of Stocks, Bonds, etc.
105 shares Atch., Topeka & Santa Fe R.R.,
50 " Union Pacific Railroad, .
25 " Wachusett National Bank,
20 " Westminster National Bank,
20 " Central National Bank, .
13 " Mechanics' National Bank,
25 " Quinsigamond National Bank,
29 " Wor., Nashua & Rochester R R.,
56 " Chicago & Alton Railroad,
25 " Chicago, Burlington & Quincy R.R
61 " Boston & Albany Railroad,
34 " Providence & Worcester Railroad
25 " Norwich & Worcester Railroad,
10 " Boston & Maine Railroad,
Providence & Worcester Railroad bonds,
Lawrence city bonds, ....
Eastern Railroad of Minnesota bonds,
Chicago, Burlington & Quincy R.R. bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
City of Grand Haven, Mich., bonds,
Corporation notes, .....
Par Value.
$10,500 00
5,000 00
2,500 00
2,000 00
2,000 00
1,300 00
2,500 00
2,900 00
5,600 00
2,500 00
6,100 00
3,400 00
2,500 00
1,000 00
25,000 00
10,000 00
5,000 00
500 00
10,500 00
10,000 00
750 00
1121,574 43
Market Value.
$1,875 00
450 00
5,000 00
2,000 00
2,900 00
1,300 00
3,625 00
3,277 00
8,960 00
1,750 00
12,810 00
8,500 00
5,000 00
1,620 00
25,000 00
11,500 00
5,250 00
500 00
7,105 00
10,000 00
750 00
$111,550 00 $119,172 00
merchants' and farmers' mutual FIRE INSURANCE CO. 61
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $33,800 00
Loans on mortgage of real estate (first liens *) , 62,250 00
Interest due or accrued thereon, . . . 10,906 05
Stocks, bonds, etc., as per schedule, . . 119,172 00
Personal loan, . . . . . . 413 43
Cash deposited in bank, 7,359 58
Interest due and accrued, 1,400 00
Premiums in course of collection (gross), . 10,017 82
Prem's more than three mos. due, $2,666 51
Gross assets,
$245,318 88
Liabilities.
Losses adjusted, unpaid, $2,930 76
Unearned premiums on outstanding risks, . 167,082 20
Profits or surplus on terminated policies, unpaid, 4,500 00
Commissions and brokerage, .... 1,866 30
Gross liabilities,
Net cash assets,
176,379 26
$68,939 62
Income.
Premiums outstanding Dec. 31, 1895, . . $10,390 92
Same not collected, 2,314 80
Net collected, $8,076 12
Premiums on risks written or renewed, . . 114,243 31
Total, $122,319 43
Premiums now in course of collection, . . 12,684 33
Entire premiums collected, .... $109,635 10
Less reinsurance and return premiums, . . 4,158 91
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all sources,
Income from rents, .....
Gross cash income,
$105,476 19
880 79
1,435 03
5,777 01
1,123 26
$114,692 28
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$71,500 00
96,000 00
61,350 00
62
MERRIMACK MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, . . .
Gross cash expenditures, .
$43,414 95
47,295 15
16,557 70
7,503 34
2,003 52
4,688 27
$121,462 93
Risks and Premiums.
Amount. Cash Prem's, Conting't Prem's.
Risks outstanding Dec. 31, 1895, $22,926,784 00 $342,763 71 $342,763 71
Risks written during 1896, . 7,488,806 00 114,243 31 114,243 31
Total, .... $30,415,590 00 $457,007 02 $457,007 02
Risks terminated during 1896, . 7,886,317 00 115,977 55 115,977 55
In force at end of year, . . $22,529,273 00 $341,029 47 $311,029 47
Miscellaneous.
Losses incurred during the year, $42,170 00
Profits or surplus returned during 1896, 20, 40 and 60 per cent.
MERRIMACK MUTUAL FIRE INSURANCE COMPANY, ANDOVER.
[Incorporated Feb. 7, 1828. Commenced business April 8, 1828.]
WM. S. JENKINS, President. JOSEPH A. SMART, Secretary.
Amount of permanent fund, $150,206 00
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Cincinnati city bonds, $16,000 00 $19,085 00
Fall River city bonds, . ... . 10,000 00 10,250 00
Lynn city bonds, 5,000 00 5,475 00
United States bonds, 26,000 00 26,864 00
Cambridge Horse Railroad bond, . . . 13,000 00 13,520 00
Metropolitan Horse Railroad bonds, . . 10,000 00 10,400 00
Boston & Maine Railroad bonds, . . . 2,000 00 2,060 00
Old Colony Railroad bonds, .... 10,000 00 10,100 00
Chicago, Burlington & Quincy R.R. bonds, . 10,000 00 10,600 00
Chicago & Northwestern Railroad bonds, . 5,000 00 5,450 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 5,000 00 5,600 00
Lynn & Boston Horse Railroad bonds, . . 6,000 00 6,000 00
Salem (Ohio) Water Company bonds, . . 6,000 00 4,740 00
Helena (Montana) Water Company bonds, . 5,000 00 4,000 00
Chicago, Wisconsin & Minn. RR. bonds, . 5,000 00 5,000 00
MERRIMACK MUTUAL FIRE INSURANCE CO.
G3
Northern Pacific & Montana Railroad bonds,
Chicago, Peoria & St. Louis Railroad bonds,
50 shares Boston Investment Company,
Cleveland Cable bonds, .
Andover Electric Company bonds, .
Andover water bonds,
Danvers water bonds,
Seattle city bonds, ....
15 shares Lawrence National Bank,
10 " Andover National Bank, .
Par Value.
$10,000 00
5,000 00
5,000 00
8,000 00
5,500 00
12,000 00
10,000 00
5,000 00
1,500 00
1,000 00
Market Value.
$4,100 00
3,500 00
500 00
8,000 00
6,050 00
12,720 00
10,650 00
4,900 00
1,800 00
980 00
$197,000 00 $192,344 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
$8,000 00
83,655 00
1,404 61
192,344 00
1,626 19
6,298 10
3,661 66
11,507 01
$308,496 57
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid
Commissions and brokerage, .
Gross liabilities, ....
Net cash assets,
$6,685 39
1,600 00
229,031 40
4,585 65
1,785 92
243,688 36
$64,808 21
Income.
Premiums outstanding Dec. 31, 1895,
Same not collected, . . .
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
$12,100 93
603 07
$11,497 86
122,983 70
$134,481 56
11,507 01
$122,974 55
3,832 23
$119,142 32
* Total value of property mortgaged,
Amount of insurance held as collateral,
$171,950 00
102,970 00
64
MIDDLESEX MUTUAL FIRE INSURANCE CO.
Received for extra premiums, $1,422 89
Interest received on mortgages, ...... 1,820 39
Interest and dividends received from all other sources, . . 11,830 00
Gross cash income, . . $134,215 60
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$31,778 86
54,874 64
18,190 35
6,666 00
1,137 37
4,303 29
$116,950 51
Risks and Premiums.
Amount. Cash Prem's. ContingM; Prem's.
Risks outstanding Dec. 31,1895, $29,784,808 00 $465,658 34 $465,658 34
Risks written during 1896, . 7,802,042 00 122,983 70 122,983 70
Total, ..... $37,586,850 00 $588,642 04 $588,642 04
Risks terminated during 1896, . 7,472,174 00 115,629 51 115,629 51
In force at end of year, . .$30,114,676 00 $473,012 53 $473,012 53
Miscellaneous.
Losses incurred during the year, $36,210 00
Profits or surplus returned during 1896, 20, 40 and 60 per cent.
MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD.
[Incorporated March 3, 1826. Commenced business March 29, 1826.]
RICHARD F. BARRETT, President. WILLIAM BARRETT, Secretary.
Amount of permanent fund,
$327,532 84
Detailed Statement of Stocks,
33 shares Blackstone National Bank, Boston,
15
26
53
25
54
30
113
Merchants' National Bank, Boston,
Webster National Bank, Boston,
Boston National Bank, Boston,
Eliot National Bank, Boston, .
Howard National Bank, Boston,
Revere National Bank, Boston,
Shawmut National Bank, Boston,
Bonds, etc.
Par Value.
$3,300 00
1,500 00
2,600 00
5,300 00
2,500 ' 00
5,400 00
3,000 00
11,300 00
Market Value.
$2,862 75
2,295 00
2,609 75
4,690 50
3,050 00
4,725 00
2,407 50
12,712 50
MIDDLESEX MUTUAL FIIiE TS8URARCE CO.
:
20 shares Faneuil Hall Nat 1 ! Bank, Boston,
44
10
30
18
10
3
30
33
57
100
50
216
26S&
120
50
2 «
5
No. American Nat'l Bank, Boston,
Central National Bank, Boston,
Hancock National Bank, Boston,
State National Bank, Boston, .
Market National Bank, Boston,
Suffolk National Bank, Boston,
Commercial Nafl Bank, Boston,
Concord National Bank, Concord,
Boston & Albany Railroad,
Cleveland & Canton Railroad,
Fitehburg Railroad,
Philadelphia, Wil. & Bait. R.R.,
Chicago, Burl. & Quincy Railroad
Atchison, Topeka & Santa Fe R.R.,
Pullman Palace Car Co.,
Massachusetts Real Estate Co.,
Eastern Railroad bonds, ....
Burlington & Missouri Railroad bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Portland & Ogdensburg R.R. bonds,
Akron & Chicago June. Railroad bonds, .
Chicago, Burlington & Northern R.R. bonds,
Atchison, Topeka & Santa Fe Railroad bonds
Fitchbur£ Railroad bonds,
Cincinnati, Ham. & Dayton Railroad bonds,
Concord & Montreal Railroad bonds,
Conn. & Passumpsic River3 R.R. bonds,
Cleveland, L. & Wheeling R.R bonds,
Old Colony R.R. bonds, .
Boston & Lowell R.R. bonds, .
Boston & Albany R.R. bonds, .
Penobscot Shore Line R.R. bonds,
East Middlesex Street Railway bonds
Globe Street Railway bonds, .
Illinois Steel Company bonds,
United States bonds,
Bath city bonds,
Toledo city bonds, .
Cambridge city bonds,
Omaha city bonds, .
Concord water bonds,
Par Valne.
$2,000 00
4,400 00
1,000 00
1/500 00
1,000 00
300 00
3,000 00
3,300 00
5,700 00
'2 00
10,000 00
2,500 00
21,600 00
26,390 00
12,000 00
5,000 00
6,000 00
7,000 00
14,000 00
20,000 00
10,000 00
2,000 00
3,450 00
20,000 00
10,000 00
25,000 00
15,000 00
10,000 00
1,000 00
15,000 00
8,000 00
5,000 00
10,000 00
10,000 00
10,000 00
10,000 00
3,000 00
10,000 00
20,000 00
5,000 00
4,500 00
Market Value.
$2,5" :
4,2'.
1,15
2,1''-
1,9.;
".'. 00
324 00
2,400 00
12,0L"
154 91
9,300 00
3,000 00
15,201 00
4,041 15
18,960 00
1,000 00
7,125 00
6,860 00
14,480 00
20,750 00
10,550 00
2,070 00
2,286 75
20,050 00
10,600 00
25,875 00
15,525 00
10,500 00
1,045 00
15,750 00
8,400 00
5,118 75
10,050 00
10,000 00
9,600 00
11,125 00
3,292 50
10,750 00
21,500 00
5,150 00
5,050 00
Securities held as collateral for cash loans : —
10 shares Ashland Water Co., ....
8 " American Powder Mills, .
,692 00 $383,322 56
Market Value. Loaned Thereon.
8900 00 )
1,240 00 *VJ°0 00
6Q
MIDDLESEX MUTUAL FIRE INSURANCE CO.
Market Value. Loaned Thereon.
9 shares Chicago & West Michigan R.R
8 " New England Tel. & Tel. Co.,
71 " Illinois Steel Co.,
58 " Pemberton Mills,
60 " Chicago, R. I. & P. -Railroad,
7 " American Bell Telephone Co.,
40 " American Powder Mills, .
$45 00^
824 00 i
3,550 00 f
5,800 00 j
4,215 00
1,442 00
6,200 00
58,500 00
2,000 00
1,000 00
2,500 00
$24,216 00 $15,800 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule,
All other cash loans, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
31, 1896.
$31,700 00
94,525 00
3,979 13
383,322 56
15,800 00
28,669 51
2,324 82
14,341 33
4,662 01
20,046 11
700 00
,070 47
Liabilities.
Losses claimed and reported, .... $1,537 50
Losses disputed or resisted, .... 800 00
Unearned premiums on outstanding risks, . 305,540 71
Profits or surplus on terminated policies, unpaid, 6,3 13 06
Commissions and brokerage, .... 2,830 80
Gross liabilities, . . . . .
317,022 07
Net cash assets, . $283,048 40
Income.
Premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total, . . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
$19,156 23
159,865 26
$179,021 49
20,046 11
$158,975 38
2,563 45
$156,411 93
* Value of lands mortgaged, $85,400 00
Value of buildings thereon 153,300 00
Amount of insurance held as collateral, .... 104,000 00
MUTUAL FIRE ASSURANCE CO.
G7
sources,
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Balance profit and loss account,
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
for repairs on real estate,
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1895, $39,191,664 00
Risks written during 1896, . 10,680,866 00
Total, ....
Risks terminated during 1896,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$49,872,530 00
8,424,705 00
$41,447,825 00
38,975 00
Cash Prem's.
$584,105 51
159,865 26
$743,970 77
123,591 69
,379 08
511 94
$1,945 00
4,564 75
19,214 69
404 85
1 00
$182,542 22
$50,071 19
71,336 21
23,675 05
10,680 00
2,024 46
5,129 77
4,000 00
$166,916 68
Conting't Prem's.
$584,105 51
159,865 26
,970 77
123,591 69
f620,379 08
511 94
$41,408,850 00 $619,867 14 $619,867 14
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1896, 25,50 and 70 percent.
$51,461 00
MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD.
[Incorporated Feb. 23, 1827. Commenced business July 26, 1827.]
GEO. B. HOLBROOK, President. FRANK R. YOUNG, Secretary.
Amount of permanent fund, . . . . . ... $117,216 93
Detailed Statement of Stocks, Bonds, etc.
Vermont Valley Railroad bonds,
Chicago, Burlington & Northern R.R. bonds,
Western Union Telegraph bonds, .
Chesapeake & Ohio Railroad bonds,
Ohio Southern Railroad bonds,
Par Value.
$4,000 00
500 00
7,000 00
4,000 00
3,000 00
Market Value .
$4,240 00
500 00
7,560 00
4,240 00
2,850 00
68
MUTUAL FIKE ASSURANCE CO.
Atchison, Topeka & Santa Fe R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Philadelphia, Wilmington & Bait. R.R. bonds,
Holyoke Street R.R. bonds,
Boston & Albany R.R. bonds, .
75 shares Second National Bank, Springfield
61 " Chicopee Nat'l Bank, Springfield,
25 " John Hancock Nat'l Bank, Spr'ld,
25 " First National Bank, Springfield,
25 " Chapin National Bank, Springfield
10 " Monson National Bank, Monson,
10 " First National Bank, Chicopee,
50 " Hadley Falls Nat'l Bank, Holyoke,
20 " Springfield Nat'l B'k, Springfield,
50 " Commerce Nat'l Bank, Boston,
100 " Boston & Albany R.R., .
150 " N. Y. Central & Hudson River R.R
55 " Chicago, Burl. & Quincy R.R ,
40 " Lake Shore & Mich. R.R., .
Par Value.
$5,000 00
500 00
4,000 00
6,000 00
10,000 00
7,500 00
6,100 00
2,500 00
2,500 00
2,500 00
1,000 00
1,000 00
5,000 00
2,000 00
5,000 00
10,000 00
15,000 00
5,500 00
4,000 00
Market Value.
$5,000 00
450 00
4,200 00
6,300 00
10,500 00
9,750 00
9,455 00
2,700 00
2,700 00
3,175 00
1,500 00
1,400 00
7,750 00
2,800 00
5,450 00
21,000 00
13,800 00
3,850 00
6,080 00
$113,600 00 $137,250 00
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Prem's more than three mos. due, . $379 25
Gross assets,
Liabilities.
Losses adjusted, unpaid,
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Gross liabilities,
Net cash assets,
$26,170 65
250 08
137,250 00
504 39
4,388 14
459 57
629 13
$169,651 96
$2,125 00
41,496 17
73 79
43,694 96
$125,957 00
Income.
Premiums on risks written or renewed, .
Premiums now in course of collection, .
Net cash premiums received, .
$17,582 32
1,008 38
,573 91
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$16,700 00
32,500 00
29,600 00
MUTUAL PROTECTION FIRE INSURANCE CO.
69
Received for extra premiums,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1895, $4,984,048 00 $ 78,814 12
Risks written during 1896, . 1,202,952 00 17,582 32
8364 05
1,315 49
6,173 80
$24,427 28
$2,342 70
12,054 17
4,242 00
169 87
500 00
481 51
|19,790 25
Conting't Prem's.
$78,814 12
17,582 32
Total, .
Risks terminated during 1896, .
In force at end of year, .
1,187,000 00 $96,396 44
957,050 00 15,120 94
$5,229,950 00
11,275 50
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1896, 90 per cent.
,396 44
15,120 94
,275 50
t,558 00
MUTUAL PROTECTION FIRE INSURANCE COMPANY, BOSTON.
[Incorporated April 10, 1861. Commenced business July 15, 186L]
CEO. B. NEAL, President. GEO. H. PENDERGAST, Secretary.
Office, Thompson Square, Charlesiown.
Amount of permanent fund, . $52,639 30
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
10 shares Monument National Bank, . . $1,000 00 $2,350 00
20 " National Bank of the Republic, . 2,000 00 2,840 00
31 " Charlestown Gas and Electric Co., . 1,550 00 2,170 00
10 " Somerville Electric Light Co., . 1,000 00 1,000 00
50 " Atch., Top. & Santa Fe R.R., . . 5,000 00 700 00
Northern Pacific Railroad bonds, . . . 2,000 00 2,260 00
$12,550 00 $11,320 00
70
MUTUAL PROTECTION FIRE INSURANCE CO.
Summary op Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $14,900 00
Loans on mortgage of real estate (first liens), 43,800 00
Interest due or accrued thereon, . . . 2,171 09
Stocks, bonds, etc., as per schedule, . . 11,320 00
Cash in the office of the company, . . . 1,336 83
Cash deposited in bank, 7,143 99
Premiums in course of collection (gross), . 1,630 93
Rents due and accrued, 137 00
Prem's more than three mos. due, . $553 79
Gross assets,
$82,439 84
Liabilities.
Losses adjusted, unpaid, $1 81
Losses claimed and reported, .... 900 00
Unearned premiums on outstanding risks, . 19,757 57
Profits or surplus on terminated policies, unpaid, 109 68
Gross liabilities,
20,769 06
Net cash assets,
11,670 78
Income
Premiums outstanding Dec. 31, 1895,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, etc., .
Gross cash income,
$2,069 91
246 56
$1,823 35
15,634 89
$17,458 24
2,184 72
$15,273 52
636 52
sources,
$14,637
00
63
07
1,254 57
715
37
422
00
$17,092 01
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance,
Net cash paid for losses,
>,453 79
263 33
1,190 46
NEWBURYPORT MUTUAL FIRE INSURANCE CO.
71
Cash paid as profits on terminated policies,
for commissions and brokerage,
for State and local taxes, .
for rents,
for incidentals, ....
Gross cash expenditures, .
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1895, $1,767,765 00
Risks written during 1896, . 975,349 00
Total, $2,743,114 00
Risks terminated during 1896, . 513,345 00
$1,986 03
3,127 02
587 65
500 00
669 12
$9,060 28
Cash Prem's. Conting't Prem's.
$24,442 15 $24,442 15
15,634 89 15,634 89
,077 04
5,989 16
In force at end of year,
52,229,769 00 $34,087 88
Miscellaneous.
Losses incurred during the year, . . . .
Profits or surplus returned during 1896, 20, 40 and 70 per cent.
$40,077 04
5,989 16
$34,087 88
$3,092 00
NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY,
NEWBURYPORT.
[Incorporated Feb., 1829. Commenced business May 1, 1829.]
President* LAWRENCE W. BROWN, Secretary.
Amount of permanent fund, ....
Detailed Statement op Stocks,
100 shares Mer. Nat'l Bank, Newburyport,
9
31
15
10
10
10
10
9
14
20
Mech. Nat'l Bank, Newburyport,
Ocean Nat'l Bank, Newburyport,
Washington Nat'l Bank, Boston,
Hide & Lea. Nat'l Bank, Boston,
Market Nat'l Bank, Boston, .
Shoe & Lea. Nat'l Bank, Boston,
Hancock Nat'l Bank, Boston,
Chic June. & Stock Yard R R.,
Chic , Burlington & Quincy R.R.,
Boston & Maine R.R.,
General Electric bonds,
U. S. Rubber preferred bonds,
Westinghouse preferred bonds,
Rutland Railroad bonds,
Chic, Burl. & Northern Railroad bonds,
Bonds, etc.
Par Value.
$2,000 00
900 00
1,550 00
1,500 00
1,000 00
1,000 00
1,000 00
1,000 00
900 00
1,400 00
2,000 00
500 00
1,000 00
530 00
1,500 00
2,000 00
$27,021 89
Market Value.
$2,300 00
990 00
1,550 00
1,522 50
1,080 00
750 00
900 00
950 00
947 00
1,057 00
3,320 00
455 00
800 00
520 00
1,040 00
2,040 00
* Vacancy caused by death of Amos Noyes not filled at date of rendering annual statement.
72
NEWBURYPOKT MUTUAL FIRE INSURANCE CO.
Atch., Topeka & Santa Fe R.R. bonds,
Consolidated Railroad of Vermont bonds,
Fall River city bonds, ....
Chicago & Northwestern R.R. bonds,
St. Paul R.R. bonds,
Western Union bonds, .....
Par Value.
J 1,000 00
2,000 00
1,000 00
1,000 00
900 00
1,000 00
Market Value.
$135 00
1,160 00
1,000 00
1,000 00
900 00
850 00
$26,680 00 $25,266 50
Summary of Assets Dec. 81, 1896.
Loans on mortgage of real estate (first liens*), $700 00
Interest due or accrued thereon, ... 19 00
Stocks, bonds, etc., as per schedule, . . 25,266 50
Loans on personal security, . . . 100 00
Cash deposited in bank, 3,075 61
Gross assets, . . . . . .
$29,161 11
Liabilities.
Losses adjusted unpaid, ....
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Gross liabilities, ....
$21 60
5,046 63
25 00
5,093 23
Net cash assets,
$24,067 88
Income.
Premiums on risks written or renewed, . t
Less reinsurance and return premiums, .
Net cash premiums received, ....
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from policy fees,
Gross cash income,
$2,914 75
47 44
$2,867 31
.
38 50
roes, .
1,357 00
•
77 00
1,339 81
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents, ......
Gross cash expenditures,
$22 32
2,798 77
432 47
45 10
321 52
^3,620 18
* Value of lands mortgaged, . .
Value of buildings thereon,
Amount of insurance held as collateral,
$900 00
1,400 00
600 00
NORFOLK MUTUAL FIRE INSURANCE CO.
73
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31,1895, $719,135 00 $9,085 58 $36,342 32
Risks written during 1896, . 211,075 00 2,914 75 11,659 00
In force at end of year,
Total, $930,210 00 $12,000 33 $48,001 32
Risks terminated during 1896, . 229,885 00 2,830 01 11,320 04
,325 00 $9,170 32 $36,681 28
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1896, 100 per cent.
$44 00
NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM.
[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.]
J. WHITE BELCHER, President. ELIJAH HOWE, Jb„ Secretary.
Amount of permanent fund,
$334,201 14
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Old Colony R.R. stock, $10,000 00 $17,800 00
Boston & Lowell R.R. stock, .... 7,500 00 15,450 00
Boston & Albany R.R. stock, .... 12,500 00 26,125 00
Boston & Providence R.R. stock, . . . 2,000 00 5,260 00
Chicago, Burlington & Quincy R R. stock, . 10,000 00 7,000 00
Atchison, Topeka & Santa Fe R.R. stock, . 30,340 00 6,078 20
Dedham Water Company stock, . . . 5,000 00 5,000 00
Lynn city bonds, 10,000 00 10,700 00
Salem city water bonds, 5,000 00 5,250 00
Randolph town notes, 9,300 00 9,300 00
Cincinnati city bonds, 25,000 00 29,000 00
Boston city bonds, 10,000 00 11,000 00
Boston &'Maine Railroad bonds, . . . 10,000 00 10,400 00
Washington County (111.) bonds, . . . 5,000 00 5,000 00
N. H. Trust Company bonds, .... 9,000 00 6,000 00
Western Security Company bonds, . . . 5,000 00 2,500 00
N. E. Mortgage Security Co. bonds, . . . 23,000 00 20,700 00
Lombard Investment Company bonds, . . 3,100 00 1,850 00
Portland & Rumford Falls R.R. bonds, . '. 8,000 00 8,400 00
Boston & Maine R.R. bonds, .... 15,000 00 17,400 00
Boston & Providence Railroad bonds, . . 20,000 00 21,000 00
Boston & Lowell Railroad bonds, . . . 20,000 00 20,750 00
74
NORFOLK MUTUAL FIRE INSURANCE CO.
Maine Central Railroad bonds,
Oregon Short Line Railroad bonds, .
Kan. City, St. J. & Council Bluffs R.R. bonds,
Concord & Montreal R.R. bonds,
Atchison, Topeka & Santa Fe R R. bonds,
Northern Pacific Railroad bonds,
Philadelphia & Reading R.R. bonds,
Old Colony R.R. bonds, . . • .
Union Pacific Railway bonds, .
Fremont, Elkhorn & Mo. Valley R.R. bonds,
Fitchburg Railroad bonds,
Grand Avenue R'y, Kansas City, bonds, .
Consolidated Street Railway Co. bonds, .
Minneapolis Gas Light Co. bonds, .
Conn. & Passumpsic Rivers R.R. bonds, .
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (tirst liens)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Cash in office and bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Par Value.
$15,000 00
10,000 00
9,000 00
10,000 00
34,500 00
3,000 00
8,000 00-
22,000 00
25,000 00
5,000 00
20,000 00
5,000 00
5,000 00
5,000 00
5,000 00
Market Value.
$15,850 00
11,000 00
10,620 00
10,300 00
22,710 00
3,420 00
10,160 00
22,500 00
22,900 00
6,300 00
20,000 00
4,800 00
5,250 00
5,000 00
5,100 00
$436,240 00 $437,873 20
31, 1896.
$14,000 00
42,032 00
648 25
437,873 20
5,978 35
5,386 48
5,748 23
337 50
$512,004 01
Liabilities.
Losses claimed and reported, .... $5,174 20
Unearned premiums on outstanding risks, . 150,993 12
Return premiums on cancelled policies, . . 198 23
Profits or surplus on terminated policies, unpaid, 4,716 64
Commissions and brokerage, .... 862 23
Gross liabilities,
Net cash assets,
Income
Premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
$6,624 99
68,851 67
$75,476 66
5,748 23
,728 43
613 92
161,914 42
$350,059 59
$69,114 51
OLD COLONY MUTUAL FIRE INSURANCE CO.
75
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents, ........
Gross cash income,
$2,369 17
19,621 26
1,097 87
$92,202 81
Expenditures.
Cash paid for losses, . . . .
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
for expenses on real estate,
Gross cash expenditures, ....
$22,384 46
36,002 09
10,184 31
6,658 71
983 82
1,678 66
381 39
,273 44
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31 , 1895, $20,638,371 00 $299,827 24 f 299,827 24
Risks written during 1896, . 4,691,383 00 68,851 67 68,851 67
Total, $25,329,754 00 $368,678 91 $368,678 91
Risks terminated during 1896, . 3,888,819 00 57,343 52 57,343 52
In force at end of year, .
!,440,935 00 $311,335 39 $311,335 39
Miscellaneous.
Losses incurred during the year, ...... $27,559 00
Profits or surplus returned during 1896, 25, 33|, 50 and 70 percent.
OLD COLONY MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated March 13, 1894. Commenced business April 10, 1894.]
FRANCIS PEABODY, Jr., President. RAYMOND HAYES, Secretary.
Office, 108 Water Street
Summary of Assets Dec. 31, 1896.
Cash in the office of the company, .
Cash deposited in bank,
Assessments due, . . . $45,469 09
Prem's more than three mos. due, 6,923 49
Gross assets,
1415 17
470 53
Liabilities.
Losses adjusted, unpaid, .
Losses disputed or resisted,
$32,710 C4
500 00
$885 70
76
OLD COLONY MUTUAL FIRE INSURANCE CO.
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Gross liabilities,
Balance against the company, .
$12 85
7,067 59
700 00
138 87
$41,129 35
• t • •
$10,243 65
Income.
Premiums outstanding Dec. 31, 1895,
Pemiums on risks written or renewed,
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash premiums received, ....
Interest received from all sources, .
Received from assessments, ....
Gross cash income,
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance,
Net cash paid for losses,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$21,579 30
18,861 16
$13,443 46
6,923 49
$36,519 97
31,006 03
,556 51
6,398 82
$5,513
94
59
17
16,059
01
11,632 12
,157 69
7,417 88
7,764 49
519 23
10,473 37
$14,332 66
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $4,597,492 00 $67,954 21 $203,862 63
Risks written during 1896, . 1,322,547 00 18,864 16 56,592 48
In force at end of year,
$7,600 00
$25 70
Total, $5,920,039 00 $86,818 37 $260,455 11
Risks terminated during 1896, . 5,912,439 00 86,792 67 260,378 00
$77 11
Miscellaneous.
Losses incurred during the year,
Assessments laid on deposit notes or contingent premiums, .
$42,499 00
61,528 00
PAPER MILL MUTUAL INSURANCE CO.
77
PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated November, 1886. Commenced business April 1, 1887.]
R. W. TOPPAN, President. D. W. LANE, Secretary.
Office, 31 Milk Street.
Detailed Statement op Stocks, Bonds, etc.
Par Value. Market Value.
Portland & Ogdensburg R.R. bonds, . . $5,000 00 f5,150 00
Fitchburg Railroad bonds, .... 5,000 00 5,100 00
Cincinnati, Sandusky & Cleveland R.R. bonds, 5,000 00 5,200 00
Maine Central R.R. bonds, . . . . 5,000 00 5,400 00
Pennsylvania R.R. bonds, . . . . 5,000 00 5,750 00
Newton water bonds, 5,000 00 5,350 00
Boston & Albany R.R. bonds, . . , . . 10,000 00 10,600 00
Boston & Maine Railroad bonds, . . . 5,000 00 5,850 00
Summary of Assets Dec
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, . . .
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
State and local taxes, .
Gross liabilities, . . .
Net cash assets, . . $33,089 75
|45,000 00
$48,400 00
j. 31, 1896.
$48,400 00
220 03
11,061 29
616 50
996 82
$61,294 64
$2,023 79
26,059 95
121 15
28,204 89
-
Income.
Premiums outstanding Dec. 31, 1895, . . $331 28
Premiums on risks written or renewed, . . 54,344 97
Total, . . " . . . . . . $54,676 25
Premiums now in course of collection, . . 996 82
Entire premiums collected, .... $53,679 43
Less reinsurance and return premiums, . . 2,159 58
Net cash premiums received, . . . —
Interest and dividends received from all sources, .
$51,519 85
2,225 50
Gross cash income, $53,745 35
78
QUINCY MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents, ......
for inspections, etc., ....
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1895, $5,581,241 00
Risks written during 1896,
6,222,009 00
Cash Prem's.
$53,510 96
54,344 97
Total, .
Risks terminated during 1896, . 5,828,501 00
In force at end of year,
1,803,250 00 $107,855 93
55,736 03
$7,284 36
36,916 96
3,240 00
494 85
240 00
1,335 51
$49,511 68
Conting't Prem's.
$267,554 80
271,724 85
$539,279 65
278,680 15
,974,749 00 $52,119 90 $260,599 50
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1896, 69.04 per cent.
5,755 00
QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY.
[Incorporated March 22, 1851. Commenced business May, 1851.]
CHARLES A. HOWLAND, President. WM. H. FAY, Secretary.
Amount of permanent fund, $350,000 00
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
es Rockland National Bank, Boston, . $8,800 00 $12,056 00
Manufacturers' Nat'l Bank, Boston, 20,000 00 20,000 00
Third National Bank, Boston, . 37,000 00 32,930 00
Second National Bank, Boston, . 7,000 00 12,390 00
First National Bank, Boston, . 5,000 00 11,700 00
Merchants' National Bank, Boston, 4,000 00 6,120 00
State National Bank, Boston, . 3,500 00 3,780 00
Washington National Bank, Boston, 6,600 00 6,666 00
Revere National Bank, Boston, . 3,700 00 2,960 00
Hamilton National Bank, Boston, . 5,000 00 5,300 00
Continental National Bank, Boston, 4,600 00 4,600 00
Redemption National Bank, Boston, 7,500 00 8,625 00
Market National Bank, Boston, . 2,500 00 2,375 00
North National Bank, Boston, . 10,000 00 10,000 00
Mt. Wollaston Nat'l Bank, Quincy, 24,600 00 31,980 00
88 shar
200
tc
370
tt
70
u
50
t<
40
It
35
t(
66
IE
37
(1
50
((
46
u
75
(I
25
u
100
u
246
It
QTJLNCY MUTUAL FIRE INSURANCE CO.
79
44 shares Granite National Bank, Quincy,
50 " Wachusett Nat'l Bank, Fitchburg,
40 " Hingham Nat 1 ! Bank, Hingham, .
48 " First Nat'l Bank, Weymouth,
38 " Union Nat'l Bank, Weymouth,
10 " Quinsigamond N'l B'k, Worcester,
50 " Brockton National Bank, Brockton,
29 " Plymonth National B'k, Plymouth,
25 " First National Bank, West Newton,
200 " Chicago, Burl. & Quincy R.R.,
300 " Boston & Lowell Railroad, .
11 " Old Colony Railroad, .
107 " Hing-ham Cordage Co., .
178 " Lawrence Duck Co.,
50 " State St. Safe Deposit & Trust Co
East Middlesex Street R.R. bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Decatur Water Works Co. bonds, .
City of Quincy notes, ....
Securities held as collateral for cash loans
150 shares N. E. Dressed Meat and Wool Co
Eureka Silk Co.,
100 shares North Packing and Provision Co.,
99 '
200 '
15 '
15 '
50 '
50 '
50 '
1 Nat'l Granite Bank, Quincy, .
1 Indiana Manufacturing Co., .
1 Minnehaha Trust Co.,
1 Sioux Falls National Bank,
1 Fitchburg R.R. Co.,
' National Lead Co., .
' Central Investment Association,
Union Pacific Railway Co. bonds, .
Chicago & No. Michigan Ry bonds,
Northern Pacific R.R. bonds, .
33 shares Delaware & Hudson Canal Co.,
Iowa Central R.R. bonds, .
100 shares General Electric Co.,
Lynn & Boston R.R. bonds,
Rutland R.R. Co. bonds, .
Minneapolis Street Railway bonds,
Louisville, New Albany & Chicago bonds,
Aurora, 111., bonds,
Trinidad, Col., bonds, ....
A lpena Co., Mich., bonds, .
Tacoma, Wash., bonds, ....
Becker County, Minn., bonds, .
Far Value.
$4,400 00
5,000 00
4,000 00
4,800 00
3,800 00
1,000 00
5,000 00
2,900 00
2,500 00
20,000 00
30,000 00
1,100 00
10,700 00
17,800 00
5,000 00
10,000 00
11,500 00
14,300 00
2,200 00
Market Value.
$6,160 00
10,000 00
4,000 00
5,280 00
3,990 00
1,100 00
6,250 00
3,045 00
2,500 00
14,000 00
61,500 00
1,936 00
10,000 00
17,800 00
5,000 00
10,000 00
12,900 00
5,000 00
2,200 00
$305,800 00 $354,143 00
Market Value.
$22,500 00
5,000 00
9,000 00
13,860 00
10,000 00
1,500 00
1,500 00
4,700 00 ^
4,250 00
5,000 00
8,800 00
500 00 J-
1,000 00 I
4,059 00 I
900 00 I
6,500 00 J
1,050 001
1,000 00
1,030 00
750 00
5,056 00 }
5,200 00
5,713 00
9,180 00
5,450 00 J
Loaned Thereon.
$10,000 00
10,000 00
11,900 00
2,200 00
2,500 00
32,500 00
30,000 00
$133,498 00 $99,100 00
80
QUINCY MUTUAL FIRE INSURANCE CO,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
31, 1896.
$16,800 00
64,800 00
1,642 55
354,143 00
99,100 00
320 00
48,124 47
5,194 77
11,407 49
425 00
$601,957 28
Liabilities.
Losses claimed and reported, .... $6,750 00
Unearned premiums on outstanding risks, . 254,586 76
Profits or surplus on terminated policies, unpaid, 3,000 00
Due and accrued for rent, salaries, etc., . . 200 00
State and local taxes, 250 00
Gross liabilities,
Net cash assets,
264,786 76
$337,170 52
Income.
Premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Gross cash income, . . . . . . .
>,881 17
145,232 07
$158,113 24
11,407 49
$146,705 75
5,790 89
$140,914 86
1,631 50
2,861 80
22,767 03
670 47
|168,845 66
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
|62,107 31
70,269 42
22,452 23
* Value of lands mortgaged,
Value of buildings thereon,
Amount of infsurance hold ap collateral,
$66,100 00
75,000 00
63,700 00
RUBBER MANUFACTURERS MUTUAL INSURANCE CO.
81
Cash paid for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$12,517 95
2,597 37
7,046 09
. $176,990 37
Risks and Premiums.
y Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $34,842,060 00 $519,986 21 $519,986 21
Risks written during 1896, . 9,425,166 00 145,232 07 145,232 07
Total, $44,267,226 00 $665,218 28 $665,218 28
Risks terminated during 1896, . 9,558,749 00 148,205 26 148,205 26
In force at end of year,
Deduct amount reinsured,
. $34,708,477 00 $517,013 02 $517,013 02
5,500 00 58 45 58 45
Net amount in force, . .$34,702,977 00 $516,954 57 $516,954 57
Miscellaneous.
Losses incurred during the year, $64,310 00
Profits or surplus returned during 1896, 20, 40 and 60 per cent.
RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY,
BOSTON.
[Incorporated Nov. 4, 1884. Commenced business Jan. 15, 1885 ]
E. S. CONVERSE, President. B. F. TAFT, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Fitchburg Railroad bonds, .... $5,000 00 $5,450 00
Boston & Lowell Railroad bonds, . . . 10,000 00 10,150 00
Maine Central Railroad bonds, . . . 26,000 00 26,150 00
Ticonderoga Pulp and Paper Co. bonds, . . 5,000 00 5,000 00
New York & New England Railroad bonds, . 8,000 00 8,920 00
Metropolitan Railroad bonds, .... 1,000 00 1,005 00
Boston Consolidated Street Railroad bonds, . 12,000 00 12,720 00
Middlesex Street Railroad bonds, . . . 1,000 00 1,050 00
Cambridge Street Railroad bonds, . . . 1,000 00 1,040 00
Cheshire Railroad bonds, 500 00 511 25
Maiden Electric Company bonds, . . . 5,000 00 5,000 00
General Electric Company bonds, . . . 1,000 00 900 00
218 shares United States Rubber Company, . 21,800 00 16,568 00
General Electric Company stock, . . . 5,000 00 3,700 00
82
RUBBER MANUFACTURERS' MUTUAL INSURANCE CO.
Lynn & Boston R.R. bonds,
East Middlesex St. R'y bonds, .
Bangor & Aroostook R.R. bonds,
Corporation notes, .
West End Street R.R. bonds, .
Par Value.
$1,000 00
7,000 00
10,000 00
91,500 00
3,000 00
Market Value.
$1,000 00
7,000 00
10,000 00
91,500 00
2,985 00
$214,800 00 $210,649 25
Summary of Assets Dec. 31, 1896.
Stocks, bonds, etc., as per schedule, . . $210,649 25
Cash in the office of the company, . . . 974 40
Cash deposited in bank, 45,659 27
Interest due and accrued, 4,308 19
Premiums in course of collection (gross), . 2,565 21
Rents due and accrued, 800 00
Gross assets,
$264,956 32
Liabilities.
Unearned premiums on outstanding risks,
State and local taxes, .
Gross liabilities, ....
$119,128 77
536 40
119,665 17
Net cash assets, $145,291 15
Income.
Premiums outstanding Dec. 31, 1895, . . $6 ; 177 19
Premiums on risks written or renewed, . . 260,905 35
Total, $267,082 54
Premiums now in course of collection, . . 2,565 21
Net cash premiums received, ....
Interest and dividends received from all sources, .
$264,517 33
12,271 88
Gross cash income,
. $276,789 21
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
for inspections, ....
$43,726 19
175,819 41
5,440 07
2,776 30
8,611 30
8,713 68
Gross cash expenditures,
$245,086 95
SALEM MUTUAL FIRE INSURANCE CO.
83
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31,1895, $24,891,203 00 $249,635 82 $1,248,179 10
Risks written during 1896, . 24,997,928 00 260,905 35 1,304,526 75
Total $49,889,131 00 $510,541 17 $2,552,705 85
Risks terminated during 1896, . 27,271,053 00 272,283 63 1,361,418 15
In force at end of year, . . $22,618,078 00 $238,257 54 $1,191,287 70
Miscellaneous.
Losses incurred during the year, $41,094 00
Profits or surplus returned during 1896, 70 per cent.
SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM.
[Incorporated April 17, 1838. Commenced business May, 1838.]
WILLARD A. ASHBY, President. HOWARD S. PORTER, Secretary.
Amount of permanent fund,
Detailed Statement oe Stocks, Bonds, etc.
Old Colony Railroad bonds,
Fitchburg Railroad bonds,
Boston & Lowell Railroad bonds,
Boston & Maine Railroad bonds,
Boston & Albany Railroad bonds,
Keene (N. H.) city bonds,
Haverhill city bonds, . , .
Springfield city bonds,
Springfield (Ohio) city bonds, .
Toledo (Ohio) city bonds,
Cincinnati city bonds,
Chicago city bonds, .
Danvers town bonds,
Woburn city bonds, .
Brockton city bonds,
Peabody town bonds,
New Britain (Conn.) city bonds,
Stoneham town bonds,
Cleveland city bonds,
Cook County bonds, .
Ware town bonds,
Medford city bonds, .
Salem city bonds,
9 shares Boston & Maine R.R., .
Par Value.
$1,000 00
4,000 00
3,000 00
1,000 00
1,000 00
1,000 00
3,000 00
1,000 00
1,150 00
2,000 00
1,000 00
3,000 00
1,000 00
2,000 00
1,000 00
1,000 00
2,000 00
2,000 00
3,000 00
1,000 00
1,000 00
1,000 00
4,550 00
900 00
|52,580 66
Market Value.
$1,007 50
4,195 00
3,110 00
1,045 00
1,040 00
1,015 00
3,030 00
1,180 00
1,220 50
2,195 00
1,180 00
3,090 00
1,005 00
2,025 00
1,015 00
1,015 00
2,065 00
2,040 00
3,120 00
1,010 00
1,015 00
1,050 00
4,635 50
1,392 00
84
SALEM MUTUAL FIRE INSURANCE CO.
5 shares National Exchange Bank, Salem,
20 " Salem National Bank,
14 " Asiatic National Bank,
15 " Salem Gas Company,
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest clue or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank,
Interest due and accrued,
Premiums in course of collection (gross),
Rents due and accrued,
Preirfs more than three mos. due, . f 15 00
Gross assets, ......
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Unearned premiums on outstanding risl
Return premiums on cancelled policies,
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, .
Gross liabilities,
Net cash assets, .
Income
Premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income,
other
Par Value.
Market Value.
$500 00
$100 00
2,000 00
2,280 00
420 00
378 00
1,500 00
1,413 75
$47,020 00
$49,167 25
, 1896.
$12,000 00
14,200 00
117 32
49,167 25
625 08
1,071 58
587 40
2,575 59
43 90
$80,388 12
813 47
3,125 00
27,650 59
18 00
862 85
419 76
32,089 67
• ■ .
$ 48,298 45
$2,387 49
24,422 17
$26,809 66
2,590 59
24,219 07
713 44
sources, .
f23,505 63
158 26
743 03
1,850 35
255 32
$26,512 59
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$6,700 00
14,600 00
11,800 00
SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO. 85
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
Gross cash expenditures, ....
$4,674 00
4,929 33
3,731 47
3,204 53
398 63
1,200 22
$18,138 18
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $2,621,556 00 $43,376 07 $43,376 07
Risks written during 1896, . 1,526,248 00 24,422 17 24,422 17
In force at end of year,
Total, $4,147,804 00 $67,798 24 $67,798 24
Risks terminated during 1896, . 1,095,911 00 16,323 23 16,323 23
5,051,893 00 $51,475 01 $51,475 01
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1896, 20, 40 and 70 per cent.
$7,786 00
SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE
COMPANY, AMESBURY.
[Incorporated May 18, 1855. Commenced business June 13, 1855.]
GEORGE F. BAGLEY, President. CHARLES L. ALLEN, Secretary.
Summary of Assets Dec. 31, 1896.
Cash in the office of the company, . .
Cash deposited in bank,
Premiums in course of collection (gross),
Office safe, $100 00
Gross assets, '
$28 65
301 36
6 00
$336 01
Liabilities.
Unearned premiums on outstanding risks,
Gross liabilities,
$838 04
838 04
Balance against the company, .
$502 03
86
SAUGUS MUTUAL FIEE INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all sources, .
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for incidentals, .
Gross cash expenditures, ....
$9 00
85 80
$94 80
6 00
$88 80
5 17
$83 63
13 62
$97 25
$10 75
21
02
152
00
98
10
50
$195 25
Risks and Premiums.
Risks outstanding Dec. 31, 1895,
Risks written during 1896, ....
Total, .......
Deduct risks expired and terminated,
In force at end of year,
Miscellaneous.
Losses incurred during the year,
Amount.
|238,321 00
10,250 00
$248,571 00
27,650 00
Conting't Prem's.
$19,541 96
858 00
$20,399 96
2,415 70
$220,921 00 $17,984 26
$11 00
SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS.
[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.]
HERBERT B. NEWHALL, President. WILBUR F. NEWHALL, Secretary.
[Note. — This company insures nothing but dwellings, farm buildings and their contents, in
Lynn, Saugus, Lynnfield, Swampscott and Nahant. No cash premiums are taken, but assess-
ments are made on deposit notes to pay losses and expenses. All policies are issued for a term
of three years]
Summary of Assets Dec. 31, 1896.
Cash in the office of the company, . . .. $66 84
Cash deposited in bank, ..... 405 60
Unpaid assessments, ..... 320 00
Gross assets, $792 44
SOUTH DANVEKS MUTUAL FIRE INSURANCE CO.
87
Liabilities.
Losses claimed and reported, ....
Due for borrowed money, ....
Gross liabilities,
Income.
Interest and dividends received from all sources,
Income from policy fees, ....'.
Assessments on deposit notes, ....
Gross cash income,
$38 00
2,500 00
$2,538 00
111
54
580 00
3,503
40
$4,094 94
Expenditures.
Cash paid for losses,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
Gross cash expenditures, ....
Risks and Premiums.
Risks outstanding Dec. 31, 1895,
Risks written during 1896,
Total,. . . ' .
Deduct risks expired and terminated,
In force at end of year, .
Amount,
$2,943,525 00
1,002,250 00
$3,945,775 00
993,100 00
$5,037 03
1,400
00
35
61
448
59
1,921 23
Conting't Prem's.
$361,960 00
124,920 00
$486,880 00
123,594 00
!,952,675 00 $363,286 00
Miscellaneous.
Losses incurred during the year, $5,075 00
Assessments laid on deposit notes or contingent premiums, . 3,570 00
SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY,
PEABODY.
[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.]
WILLIAM P. CLARK, President. GEORGE M. FOSTER, Secretary.
Amount of permanent fund Dec. 31, 1896, .... $54,125 18
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Ill shares South DanversNafl Bank, Peabody, $11,100 00 $13,347 75
48 " Warren National Bank, Peabody, . 4,800 00 5,856 00
51 " Asiatic National Bank, Salem, . 1,530 00 1,377 00
20 " Naumkeag National Bank, Salem, . 2,000 00 2,515 00
18 " National Exchange Bank, Salem, . 1,800 00 1,620 00
88
SOUTH DANVERS MUTUAL FIRE INSURANCE CO.
12 shares First National Bank, Salem, .
34 " First National Bank, Danvers,
30 " Hide & Leather Nat'l Bank, Boston,
4 " Andover National Bank, Andover, .
1 " Cape Ann Nat'l Bank, Gloucester, .
10 " Manufacturers 1 Nat'l Bank, Boston,
20 " Naumkeag Steam Cotton Company,
20 " Androscoggin Mills,
2 " Nashua Manufacturing Co.,
Cincinnati city bonds,
Wakefield Water Co. bonds,
Providence city bonds,
Pittsfield city bonds,
Boston & Maine R.R. bonds,
Eastern R.R. bonds, .
Summary of Assets Dec
Stocks, bonds, etc., as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Due and accrued for rent, salaries, etc., .
Gross liabilities,
Net cash assets,
Income.
Premiums on risks written or renewed, .
Less reinsurance and return premiums, .
Net cash premiums received, ....
Interest and dividends received from all sources,
Income from policy fees, . .
Gross cash income, . .
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, . . •'.'.•
Par Value.
Market Value.
$1,200
00
$1,071 00
2,550
00
2,499 00
3,000
00
3,251 25
400
00
440 00
100
00
140 00
1,000 00
1,000 00
2,000
00
1,395 00
2,000
00
2,320 00
1,000
00
1,015 00
2,000 00
2,300 00
2,000
00
1,700 00
7,000 00
7,700 00
2,000
00
2,020 00
3,000
00
3,135 00
2,000
00
2,370 00
$52,480 00
$57,072 00
31, 1896.
$57,072 00
110
00
8,178
69
429
66
$65,790 35
$12,201
44
881
75
547
50
13,630 69
■
•
$52,159 6Q
f3,223
94
314
00
$2,909 94
2,639 20
3, .
t '
•
•
104 00
$5,653 14
$340 80
2,893
14
2,206
00
27
55
199
34
,666 83
TEADERS' AND MECHANICS' MUTUAL FIRE INSURANCE CO. 89
Risks and Premiums.
Amount. Cash Prem's. Conting't Pram's.
Risks outstanding Dec. 31, 1895, $1,169,233 00 $25,167 40 $75,502 20
Risks written during 1896, . 158,270 00 3,223 94 9,671 82
In force at end of year. .
Total, .... $1,327,503 00 $28,391 34 $85,174 02
Risks terminated during 1896, . 150,200 00 3,282 94 9,848 82
,177,303 00 $25,108 40 $75,325 20
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1896, 100 per cent.
$341 00
TRADERS 1 AND MECHANICS 1 MUTUAL FIRE INSURANCE
COMPANY, LOWELL.
[Incorporated June, 1848. Commenced business June, 1848. J
LEVI SPRACUE, President. EDWARD M. TUCKE, Secretary.
Amount of permanent fund,
$410,098 69
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
20 shares Androscoggin Mills, . . . $2,000 00 f 2,320 00
4 " Boott Cotton Mills, .... 4,000 00 4,700 00
2 " Hamilton Manufacturing Company, 2,000 00 1,880 00
50 " Lawrence Gas Company, . . 5,000 00 5,500 00
287 " Lowell Gas Company, . . . 28,700 00 71,750 00
5 " Lowell Manufacturing Company, . 3,450 00 2,800 00
100 " Massachusetts Cotton Mills, . " . 10,000 00 10,520 00
10 " Merrimack Manufacturing Co , . 10,000 00 11,575 00
15 " Middlesex Company, . . . 1,500 00 1,665 00
38 " Tremont & Suffolk Mills, . . 3,800 00 5,111 00
100 " Old Lowell National Bank, . . 10,000 00 12,300 00
20 " National Bank of North America, . 2,000 00 1,940 00
25 " Vermont & Mass. R.R., . . . 2,500 00 3,800 00
Andover town bonds, . . . . . 15,000 00 16,050 00
Boston city bonds, 20,000 00 21,600 00
Boston & Maine Railroad bonds, . . . 20,000 00 22,750 00
Fitchburg city bonds, 10,000 00 10,800 00
Marblehead water bonds, . . . . 10,000 00 10,800 00
Maiden sewer bonds, . . . . . 10,000 00 10,800 00
Marlborough water loan, ..... 10,000 00 10,800 00
Boston United Gas Co. boncls, . , . . 20,000 00 16,500 00
90 traders' and mechanics' mutual FIRE INSURANCE CO.
Par Value. Market Value.
East Middlesex Street Railway bonds, . . $10,000 00 $10,200 00
Fitchburg Railroad bonds, . . . . 15,000 00 15,750 00
Lowell & Suburban Street Railway bonds, . 25,000 00 26,250 00
Maine Central Railroad bonds, . . . 20,000 00 20,400 00
St. Johnsbury & Lake Champlain R.R. bonds, 20,000 00 23,400 00
Chicago Sanitary bonds, 20,000 00 21,200 00
Swift Company bonds 5,000 00 5,000 00
$314,950 00 $378,161 00
Securities held as collateral for cash loans : —
1 share Appleton Company, ....
Lowell & Lawrence R.R., .....
4 shares Massachusetts Cotton Mills,
5
35
90
50
50
30
Great Falls Manuf. Co , .
Criterion Knitting Co.,
Lowell & Suburban Street Railway,
American Bolt Co., . . . .
Lowell & Suburban Street Railway,
Lowell Gaslight Co.,
Excess of loan over market value,
Market Value. Loaned Thereon,
$500 00 $200 00
2,100 00^
4,000 00 > 6,000 00
750 00 )
7,000 00 5,000 00
11,250 00) 1/imriftn
2,500 00 \ 14 ' 00 ° °°
6,250 00 5,000 00
7,500 00 4,000 00
$34,200 00
250 00
$33,950 00
$41,850 00
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens), $166,789 00
2,970 82
378,161 00
33,950 00
54,946 00
4,560 67
21,132 99
2,588 03
7,117 17
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
All other cash loans, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets, .
$672,215 68
Liabilities.
Unearned premiums on outstanding risks, . $332,948 18
Profits or surplus on terminated policies, unpaid, 4,544 00
Commissions and brokerage, .... 977 57
Gross liabilities,
338,469 75
Net cash assets, .
$333,745 93
TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE CO. 91
Income.
Premiums outstanding Dec. 31, 1895, . . $22,592 44
Premiums on risks written or renewed, . . 194,588 77
Total, $217,181 21
Premiums now in course of collection, . . 7,117 17
Entire premiums collected, . . . . $210,064 04
Less reinsurance and return premiums, . . 5,938 48
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income, .
$204,125 56
1,371 58
6,358 71
22,258 13
. $234,113 98
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
Gross cash expenditures, .
,415 44
96,476 35
30,264 83
19,046 29
2,314 60
1,600 00
$230,117 51
Risks and Premiums.
Amount, Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $41,965,558 00 $649,564 41 $649,564 41
Risks written during 1896, . 12,328,009 00 194,588 77 194,588 77
Total $54,293,567 00 $844,153 18 $844,153 18
Risks terminated during 1896, . 11,080,108 00 172,084 17 172,084 17
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
. $43,213,459 00 $672,069 01 $672,069 01
15,615 00 241 69 241 69
,197,844 00 $671,827 32 $671,827 32
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1896, 30, 50 and 70 per cent.
$78,799 00
92 WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE CO.
WESTERN" MASSACHUSETTS MUTUAL FIRE INSURANCE
COMPANY, SPRINGFIELD.
[Incorporated Jan. 18, 1894. Commenced business Feb. 15, 1894.]
ELISHA MORGAN", President. CHAS. E. STICKNEY, Secretary.
Summary of Assets Dec. 31, 1896.
Cash in the office of the company, .
Cash in hands of collecting agents, .
Due on account of assessments, $38,579 41
Gross assets,
$4,708 60
90 55
1,799 15
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Gross liabilities,
Impairment,
$14,251 27
2,500 00
2 43
3,198 78
2,760 98
2 82
22,716 28
$17,917 13
Income.
Premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Net cash premiums received, .
Received from assessment,
Received from all other sources,
Gross cash income,
$1,253 77
1,220 02
$33 75
4 86
$38 61
10,018 78
9 50
.
'
$10,066 89
Expenditures.
Cash paid for losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, . ■ . ,
$2,787
02
560 49
1,351
00
304
37
225
00
4,340 63
>,568 51
WESTFORD MUTUAL FIRE INSURANCE CO.
93
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $48,720 09 $548 06 $1,644 18
Risks written during 1896, . 600 00 4 86 14 58
In force at end of year, .
Total, $49,320 00
Risks terminated during 1896, . 48,720 00
$600 00
$552 92
548 06
$4 86
&1.658 76
1,644 18
$14 58
WESTFORD MUTUAL FIRE INSURANCE COMPANY, WESTFORD.
[Incorporated March 16, 1840. Commenced business July, 1840.]
ALLAN CAMERON, President. CARRIE E. READ, Secretary.
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
All other cash loans,
Cash in the office of the company,
Cash deposited in savings banks,
Gross assets, $10,878 97
$4,833
04
247
83
150
00
110
22
5,537
88
Liabilities.
Unearned premiums on outstanding risks,
Gross liabilities, ....
Net cash assets,
$1,214 49
Income.
Cash premiums received, .......
Received for extra premiums,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
Expenditures.
Cash paid as profits on terminated policies, .
for salaries of officers and employees, .
for State and local taxes,
for incidentals, . ....
Gross cash expenditures,
1,214 49
>,664 48
$435 65
1 20
243 90
204 09
$884 84
$87 86
31 00
4 62
3 10
$126 58
* Total value of property mortgaged,
$14,900 00
94 WEST NEWBURY MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting'tPrem's.
Risks outstanding Dec 31,1895, $273,055 00 $2,629 65 $7,888 95
Risks written during 1896, . 62,225 00 435 65 1,306 95
Total, $335,280 00 $3,065 30 $9,195 90
Risks terminated during 1896, . 52,545 00 387 35 1,162 05
In force at end of year, . . $282,735 00 $2,677 95 $8,033 85
Miscellaneous.
Profits or surplus returned during 1896, 5, 10, 15, 20 and 25 per cent.
WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, WEST
NEWBURY.
[Incorporated March, 1828. Commenced business April, 1828.]
CHAS. W. ORDWAY, President. HENRY T. BAILEY, Secretary.
[Note. — This company charges no cash premiums, but relies upon assessments on deposit
notes to pay losses and expenses.]
Summary of Assets Dec. 31, 1896.
Cash in the office of the company, . . . $23 73
Cash deposited in bank, . . . . 419 01
Unpaid assessments on deposit notes, . . 190 82
Office furniture, $100 00
Gross assets, $633 56
Liabilities.
Losses adjusted, unpaid, . . . . . $900 00
Losses claimed and reported, . . . 200 00
Due for "borrowed money, . . . . 4,000 00
Gross liabilities, $5,100 00
Income.
Income from policy fees, . .
Income from assessments on deposit notes,
Borrowed money,
Gross cash income, $6,311 15
Expenditures.
Cash paid for losses, $5,728 30
for commissions and brokerage, . . . . 141 99
for salaries of officers and employees, . . . 402 25
for State and local taxes, 63 91
• ■
$117 50
•
6,193 65
,763 78
WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 95
Cash paid for rent and incidentals, .
Cash paid for interest on borrowed money,
Borrowed money repaid, ....
Gross cash expenditures, .
$3,099 53
$82 57
123 99
>,543 01
Risks and Premiums.
Amount. Conting't Prem's.
Risks outstanding Dec. 31, 1895, . . . $2,507,972 00 $139,619 17
Risks written during 1896, .... 325,685 00 25,541 10
Total,
Deduct risks expired and terminated,
In force at end of year,
1,833,657 00 $165,160 27
254,044 00 10,482 99
,579,613 00 $154,677 28
Miscellaneous.
Losses incurred during the year, $6,828 CO
Assessments laid on deposit notes or contingent premiums, . • 6,383 00
WORCESTER MANUFACTURERS' MUTUAL INSURANCE COM-
PANY, WORCESTER.
[Incorporated March 31, 1855. Commenced business March 31, 1855.]
PHILIP W. MOEN, President. WALDO E. BUCK, Vice-President.
Detailed Statement of Stocks, Bonds, etc.
Fitchburg Railroad bonds,
Old Colony Steamboat Co. bonds, .
Connecticut River R.R. scrip, .
Worcester Consolidated Street R.R. bonds,
Concord & Montreal R.R. bonds,
Chicago, Burl. & Quincy R R. bonds,
Old Colony Railroad bonds,
Boston & Lowell R.R. bonds, .
Chicago & Eastern Illinois R.R. bonds, .
Boston & Maine Railroad bonds,
City National Bank (Worcester) stock, .
West End Street R.R. bonds, .
Rutland Railway bonds, . . .
Corporation notes, .....
Par Value.
$15,000 00
15,000 00
13,000 00-
14,000 00
20,000 00
25,000 00
15,000 00
20,000 00
15,000 00
20,000 00
6,000 00
10,000 00
10,000 00
Market Value.
$16,050 00
15,500 00
13,000 00
14,000 00
20,200 00
22,750 00
16,050 00
20,500 00
18,450 00
23,300 00
9,000 00
10,500 00
10,400 00
35,000 00
$198,000 00 |244,700 00
96 WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO.
Summary of Assets Dec
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, . . .
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities, ....
Net cash assets, $158,448 06
. |244,700 00
30 35
46,039 01
1,301 72
$292,071 08
$477 83
206 30
132,473 07
465 82
133,623 02
Income.
Premiums outstanding Dec. 31, 1895, . . $732 22
Premiums on risks written or renewed, . . 277,625 72
Total, . $278,357 94
Premiums now in course of collection, . . 1,301 72
Entire premiums collected, .... $277,056 22
Less reinsurance and return premiums, . . 10,844 47
Net cash premiums received, ....
Interest and dividends received from all sources, .
Gross cash income,
$266,211 75
14,129 96
$280,341 71
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees, .
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures,
$116,026 27
163,486 53
10,050 72
2,612 46
1,000 00
6,136 34
,312 32
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $31,297,733 00 $258,175 31 $1,290,876 55
Risks written during 1896, . 34,728,911 00 277,625 72 1,388,128 60
Total, $66,026,644 00 $535,801 03 $2,679,005 15
Risks terminated during 1896, . 32,919,169 00 270,854 88 1,354,274 40
In force at end of year,
.$33,107,475 00 $264,946 15 $1,324,730 75
WORCESTER MUTUAL FIRE INSURANCE CO.
97
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1896, 63 T ^ per cent.
$44,197 00
WORCESTER MUTUAL FIRE INSURANCE COMPANY,
WORCESTER.
[Incorporated Feb. 11, 1823. Commenced business May 1, 1824.]
JOHN A. FAYERWEATHER, President. ROGER F. UPHAM, Secretary.
Amount of permanent fund, f 388.258 23
Detailed Statement of Stocks,
170 shares Worcester National Bank,
22 "
50 "
200 "
58 "
45 "
40 »
15 "
10 "
15 "
20 "
25 "
Central National Bank, .
Citizens' National Bank,
City National Bank,
Mechanics' National Bank,
Quinsigamond National Bank,
Fitchburg Nat'l Bank. Fitchburg,
Southbridge Natl B'k, Southbridge
Oxford National Bank, Oxford,
Blackstone Nat'l Bank, Uxbridge,
First National Bank, Westborough
Wachusett Nat'l Bank, Fitchburg.
Boston & Maine Railroad bonds,
Boston & Albany Railroad bonds, .
Cincinnati, Hamilton & Dayton R.R. bonds,
Portland & Rumforcl Falls R.R. bonds, .
Fitchburg Railroad bonds,
Cheshire Railroad bonds, ....
Worcester, Nashua & Rochester R.R bonds,
Maine Central R.R. bonds,
Penobscot Shore Line R.R. bonds, .
Worcester Consolidated Street R'y bonds,
West End Street Railway bonds,
Rutland R.R. bonds,
Securities held as collateral for cash loans : —
Savings bank books assigned, ....
60 shares Howard Bros. Manuf. Co., . " .
15 " Worcester Gas Light Co., .
Bonds, etc.
Par Value.
$17,000 00
2,200 00
5,000 00
20,000 00
5,800 00
4,500 00
4,000 00
1,500 00
1,000 00
1,500 00
2,000 00
2,500 00
15,000 00
5,000 00
12,000 00
5,000 00
25,000 00
7,000 00
8,000 00
5,000 00
5,000 00
5,000 00
5,000 00
3,000 00
Market Value.
$24,650 00
2,970 00
6,500 00
29,000 00
4,930 00
6,300 00
6,000 00
1,500 00
1,000 00
1,500 00
2,000 00
4,500 00
16,550 00
5,300 00
12,240 00
5,150 00
25,000 00
7,140 00
8,080 00
5,050 00
5,050 00
5,100 00
5,200 00
3,090 00
f 167,000 00 $193,800 00
Market Value. Loaned Thereon.
£1,297 22
6,000 00
2,250 00
$600 00
5,000 00
1,500 00
|9,547 22 $7,100 00
98
WORCESTER MUTUAL FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $85,000 00
Loans on mortgage of real estate (first liens *) , 362,706 00
Interest due or accrued thereon, . . . 6,762 93
Stocks, bonds, etc., as per schedule, . , 193,800 00
Loans on collateral security, as per schedule, . 7,100 00
All other cash loans, 2,975 00
Cash in the office of the company and bank, . 34,957 87
Interest due and accrued, 2,945 07
Premiums in course of collection (gross), . 9,386 97
Rents due and accrued, 1,173 30
Gross assets, $706,807 14
Liabilities.
Losses claimed and reported, . . . . f 1,750 00
Unearned premiums on outstanding risks, . 286,939 74
Return premiums on cancelled policies, . . 316 29
Profits or surplus on terminated policies, unpaid, 2,869 69
Commissions and brokerage, .... 2,882 03
Gross liabilities, .....
294,757 75
Net cash assets, $412,049 39
Income.
Premiums outstanding Dec. 31, 1895, . . 89,03162
Premiums on risks written or renewed, . , 144,900 76
Total, $153,932 38
Premiums now in course of collection, . . 9,386 97
Entire premiums collected, .... $144,545 41
Less reinsurance and return premiums, . . 6,732 07
Net cash premiums received, . . . .
Received for extra premiums,
Interest received on mortgages and dividends from all sources,
Rents,
Gross cash income,
$137,813 34
1,324 63
27,775 23
7,664 16
$174,577 36
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance, . .
Net cash paid for losses,
Cash paid as profits on terminated policies, .
,167 46
100 00
$43,067 46
77,259 31
* Value of lands mortgaged $232,250 00
Value of buildings thereon, 495,200 00
Amount of insurance held as collateral 362,900 00
WORCESTER MUTUAL FIRE INSURANCE CO.
99
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
for repairs on real estate,
Gross cash expenditures, ....
$18,652 33
13,263 37
4,091 36
5,575 07
311 61
$162,220 51
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1895, $39,984,281 00 $589,105 36 $589,105 36
Risks written during 1896, . 10,091,233 00 144,900 76 144,900 76
Total, .... $50,075,514 00 $734,006 12 $734,006 12
Risks terminated during 1896, . 9,006,727 00 135,070 20 135,070 20
In force at end of year, . . $41,068,787 00 $598,935 92 $598,935 92
Miscellaneous.
Losses incurred during the year, $38,614 00
Profits or surplus returned during 1896, 25, 50 and 70 per cent.
AGGREGATE.
|150,000
Assets.
$10,483,302
Liabilities.
Gross present liabilities, .......
$5,297,677
Income.
Cash received for premiums during the year,
$5,140,393
for interest and dividends, ....
407,621
for assessment on deposit notes, .
63,393
for rents,
27,445
from all other sources,
17,823
Gross cash income, .
$5,656,675
Expenditures.
Cash paid for losses,
$1,557,302
for brokerage and commission on premiums,
342,199
for salaries and fees of officers and emplo} 7 ees,
312,993
for interest on borrowed money, . . . • .
624
for State and local taxes,
68,860
for rents,
13,310
for return of profits or surplus, ....
2,852,246
for dividends on guaranty capital,
7,000
for all other expenditures,
216,359
Total expenditures,
$5,370,893
General Items.
Risks written during the year, ......
$524,202,443
terminated during the year,
530,450,044
outstanding at end of year,
839,252,547
Amount of contingent premiums received thereon,
23,347,483
of losses incurred during the year,
1,292,504
of permanent fund, ......
4,195,750
MASSACHUSETTS
Mutual Fire-Marine Insurance Companies.
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements for the Year ending
December 31, 1896.
102
CHINA MUTUAL INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
CHINA MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.]
EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary.
Office, 70 Kilby Street.
Detailed Statement of Stocks,
100 shares Commerce National Bank,
100
100
100
100
75
100
250
60
Hide and Leather National Bank,
New England National Bank,
North National Bank,
Republic National Bank,
Old Colony Railroad,
Fitch burg Railroad,
New York, New Haven & Hart. R.R.,
Boston & Albany R.R., ,
Bonds, etc.
Par Value.
$10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
7,500 00
10,000 00
25,000 00
6,000 00
Market Value.
$11,200 00
10,838 00
14,900 00
10,000 00
13,850 00
13,275 00
9,400 00
44,405 00
12,540 00
$98,500 00 f 140,408 00
Summary of Assets Dec. 31, 1896.
Stocks, bonds, etc., as per schedule, . . . $140,408 00
Loans on collateral security, , 5,853 03
Cash in the office of the company, . . . 1,657 30
Cash deposited in bank, 52,288 78
Premiums in course of collection (gross), . 60,162 95
Bills receivable taken for marine risks, . . 58,780 81
Reinsurance, etc., . . . . . 1,540 00
Gross assets, . . . . . . $320,690 87
Liabilities.
Losses adjusted and reported, .... $90,000 00
Unearned premiums on outstanding risks, . 126,569 03
Unpaid scrip ordered to be redeemed, . . 60 00
Commissions and brokerage, .... 2,500 00
Gross liabilities, except scrip, . . . 219,129 03
Surplus as regards policy holders, $101,561 84
Scrip outstanding, not ordered to be redeemed, . . . 506,090 00
Impairment of scrip reserve,
,528 16
CHINA MUTUAL INSURANCE CO.
103
Income.
Marine premiums outstanding Dec. 31, 1895, . $111,596 09
Premiums on risks written or renewed, . . 376,056 82
Total, $487,652 91
Premiums now in course of collection, . . 118,943 76
Entire premiums collected, .... $368,709 15
Less reinsurance and return premiums, . . 66,927 33
Net cash marine premiums received, . .
Interest and dividends received from all sources, .
,781 82
6,374 29
Gross cash income, $308,156 11
Expenditures.
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance, .
Net cash paid for marine and inland losses, .
Interest paid scrip holders,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals,
Gross cash expenditures, ....
$258,809 08
38,583 13
$220,225 95
15,182 70
23,164 38
15,400 00
2,802 54
12,469 64
$289,245 21
Risks and Premiums.
Premiums.
Marine risks outstanding Dec. 31, 1895, . . $6,106,998 00 $190,145 74
Marine risks written during 1896, . . . 18,376,431 00 376,056 82
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$24,483,429 00 $566,202 56
18,588,122 00 351,122 90
>,895,307 00 $215,079 66
366,404 00 23,461 66
. $5,528,903 00 $191,618 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Marine and inland losses incurred during the year,
$16,680,411 00
. 11.870,959 00
. 241,072 00
104
INDIA MUTUAL INSURANCE CO.
INDIA MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated March 29, 1867. Commenced business May 2, 1867.]
Guaranty Fund paid up in Notes, $140,000.
H. B. ALDEST, President. GEO. H. CROWELL, Secretary.
Office, 107 Water Street.
Detailed Statement of Stocks,
New York & New England R.R. bonds, .
150 shares Old Colony Railroad,
80 '
125
50 '
63 '
50
20
40
10
10
Boston & Maine R.R., .
West End R.R.,
Chicago, Burl. & Quincy R R.,
New England R.R.,
New York, New Haven & Hart. R.R
Fitchburg R R.,
National Webster Bank, .
Hamilton National Bank,
Everett National Bank, .
Bonds, etc.
Par Value.
$5,000 00
15,000 00
8,000 00
6,250 00
5,000 00
6,300 00
5,000 00
2,000 00
4,000 00
1,000 00
1,000 00
Market Value.
$5,950 00
26,700 00
13,200 00
10,750 00
3,600 00
4,095 00
8,900 00
1,880 00
4,040 00
1,060 00
800 00
Company's own scrip,
1,801 00
158,550 00 $80,975 00
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Subscription notes on time, not exceeding
twelve months, not yet due,
Prem's more than three mos. due, . $37 50
Gross assets,
31, 1896.
$80,975 00
1,300 31
2,644 52
5,327 92
576 00
140,000 00
$230,823 75
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Interest due or accrued on scrip,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance, ......
Gross liabilities, except guaranty fund,
Surplus as regards policy holders, .
$2,707 34
1,030 28
24,755 21
259 91
125 23
958 94
69 41
29,906 32
. . .
$200,917 43
INDIA MUTUAL INSURANCE CO.
105
Guaranty fund $140,000 00
Scrip outstanding, not ordered to be redeemed, 150,471 00
Impairment of scrip reserve,
Income.
Fire premiums outstanding Dec. 31, 1895, . $3,387 38
Premiums on risks written or renewed, . 51,055 43
Total, $54,442 81
Premiums now in course of collection, . . 5,365 42
Entire premiums collected, .... $49,077 39
Less reinsurance and return premiums, . . 6,327 31
Net cash fire premiums received, . . .
Marine premiums received,
Interest and dividends received from all sources, .
Income from rents, etc.,
Gross cash income,
Expenditures.
Cash paid for fire losses, $15,566 68
Deduct salvage and reinsurance, . . . 209 65
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, . . $138 51
Deduct salvage and reinsurance, . . . 12 91
Net cash paid for marine and inland losses, .
Cash dividends paid, .....
Interest paid scrip holders, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals,
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$2,185,099 00
4,186,955 00
$6,372,054 00
2,826,823 00
$3,545,231 00
112,235 00
$290,471 00
,553 57
$42,750 08
23 64
3,356 67
673 00
$46,803 39
$15,357 03
125 60
2,800 00
3,064 01
7,601 84
5,100 00
165 37
2,66 i 73
$36,875 58
Premiums.
$28,008 03
51,055 43
$79,063 46
32,071 99
,991 47
909 68
$,432,996 00 $46,081 79
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
^3,531,583 00
2,552,781 00
14,205 00
AGGREGATE.
Whole amount of guaranty fund, in subscription notes,
Whole amount of outstanding scrip not cancelled,
Gross present assets,
Assets.
Liabilities.
Gross present liabilities, . . . .
Income.
Cash actually received for fire premiums, .
actually received for marine premiums,
for interest and dividends from all sources,
from all other sources,
Gross cash income, ......
Expenditures.
Cash actually paid during the year for fire losses,
actually paid during the year for marine losses,
for brokerage and commissions on premiums,
for salaries and pay of officers and employees,
for State and local taxes
for office agency and incidental expenses, .
Interest paid scrip holders, . . . .
Dividends paid on subscription notes, .
Gross cash expenditures, ....
Miscellaneous.
Whole amount of fire risks written during the year,
premiums charged or receivable thereon,
marine risks written during the year,
premiums charged or receivable thereon,
fire risks terminated during the year,
marine risks terminated during the year,
fire risks outstanding at end of year,
marine risks outstanding at end of year, .
fire losses incurred during the year,
marine losses incurred during the year, .
$140,000 00
656,561 00
$551,515 00
$249,035 00
$42,750 00
301,805 00
9,731 00
673 00
$354,959 00
$15,357
220,352
30,766
20,500
2,968
15,131
18,247
2,800
00
00
00
00
00
00
00
00
$326,121 00
$4,186,955 00
51,055 00
18,376,431 00
376,057 00
2,826,823 00
18,588,122 00
3,432,996 00
5,528,903 00
14,205 00
241,072 00
MASSACHUSETTS
JOINT-STOCK FIEE, MARINE AND FIRE-MARINE
INSURANCE COMPANIES.
Detailed Statement of Assets and Liabilities, with Abstract
op Annual Statements for the Year ending
December 31, 1896.
108
AMERICAN INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
AMERICAN INSURANCE COMPANY, BOSTON.
[Incorporated June 12, 1818. Commenced business June 12, 1818.]
Paid-up Capital, $300,000.
FRANCIS PEABODY, President. HENRY S. BEAN, Secretary.
Office, 30 Kilby Street.
Detailed Statement of Stocks
200 " Columbian National Bank,
45 " National Eagle Bank,
170 " Globe National Bank, .
142 " Hamilton National Bank,
62 " New England National Bank,
66 " Suffolk National Bank, .
152 " State National Bank,
280 " National Union Bank, .
100 " Merchants' National Bank,
28 " Tremont National Bank,
69 " Washington National Bank,
578 " Boston & Albany Railroad,
13 " Boston & Lowell Railroad,
200 " Old Colony Railroad,
8 " Merrimack Manufacturing Co.,
Chicago, Burlington & Quincy R R. bonds,
Eastern Railroad bonds, ....
Chicago, Milwaukee & St. Paul R R. bonds,
Cincinnati, Ind., St. Louis & Chic. R.R. bonds
Massachusetts State bonds,
United States bonds,
Securities held as collateral for cash loans : —
200 shares Essex County Building Co., .
and Bonds.
Par Value.
$22,200 00
20,000 00
4,500 00
17,000 00
14,200 00
6,200 00
6,600 00
15,200 00
28,000 00
10,000 00
2,800 00
6,900 00
57,800 00
6,500 00
20,000 00
8,000 00
50,000 00
20,000 00
25,000 00
40,000 00
18,000 00
6,000 00
Market Value.
$23,088 00
19,800 00
3,510 00
14,450 00
14,910 00
8,990 00
6,930 00
15,960 00
35,840 00
15,000 00
2,296 00
6,900 00
119,646 00
13,325 00
35,000 00
8,800 00
46,500 00
23,000 00
29,500 00
38,800 00
18,720 00
7,200 00
$404,900 00 $508,165 00
Market Value. Loaned Thereon.
$20,000 00 $15,000 00
Summary of Assets Dec. 31, 1896.
Stocks and bonds, as per schedule, . . . $508,165 00
Loans on collateral security, as per schedule, . 15,000 00
Cash in the office of the company, . . . 1,921 97
AMERICAN INSURANCE CO.
109
Cash deposited in bank, $25,678 15
Interest due and accrued, 2,379 10
Premiums in course of collection (gross), . 26,216 73
Prem's more than three mos. due, . $613 40
Gross assets,
$579,360 95
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued, for rent, salaries, etc., .
Reinsurance disallowed, .
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
$12,945 62
14,416 52
$27,362 14
449 69
$26,912 45
139,258 66
1,348 42
250 00
69 83
4,656 63
5,104 98
177,600 97
$401,759 98
300,000 00
$101,759 98
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected, ......
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Additional premiums received,
Interest and dividends received from all sources,
Profit on sale of bank stock, ....
Gross cash income,
Expenditures.
Cash paid for fire losses, . . . .'
Deduct salvage and reinsurance, . .
Net cash paid for fire losses, ....
Cash dividends paid,
$20,753 58
307 01
$20,446 57
269,812 90
$290,259 47
26,523 12
$263,736 35
56,162 71
$207,573 64
2,105 70
22,852 08
112 66
.
$136,908 70
12,065 46
$232,644 08
$124,843 24
18,045 00
.I.
110
BOSTON MARINE INSURANCE CO.
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for rent and incidentals, .
Gross cash expenditures, ....
$43,749 32
19,384 55
6,825 48
15,248 30
$228,095 89
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1895, . . $32,107,531 00 $368,156 56
Fire risks written during 1896, . . . 24,557,670 00 269,812 90
Total,
Deduct risks expired and terminated,
In force at end of year, . . . .
Deduct amount reinsured,
Net amount in force, .
. $56,665,201 00 $637,969 46
. 26,840,339 00 299,769 01
. $29,824,862 00 $338,200 45
. 4,672,226 00 53,142 06
. $25,152,636 00 $285,058 39
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$11,722,309 00
8,144,107 00
128,561 00
2,797,500 00
18,000 00
47,100 00
BOSTON MARINE INSURANCE COMPANY, BOSTON.
[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874.]
Paid-up Capital, $1,000,000.
RANSOM B. FULLER, President. THOMAS H. LORD, Secretary.
Office, 95 Kilby Street.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Boston city bonds, . . . . . $125,000 00 $135,875 00
Chicago, Burlington & Quincy R.R. bonds, . 41,000 00 40,865 00
Oregon Short Line Railroad bonds, . . . 10,000 00 11,100 00
Louisville, Evansville & St. Louis R.R. bonds, 2,000 00 2,000 00
Fitchburg Railroad bonds, .... 25,000 00 27,000 00
Wisconsin Central Railroad bonds, . . . 20,000 00 7,800 00
Union Pacific, Lincoln & Col. Railroad bonds, 25,000 00 6,000 00
Atch., Topeka & Santa Fe R.R. bonds, . . 86,000 00 57,420 00
Toledo, St. Louis & Kansas City R.R. bonds, . 20,000 00 13,600 00
BOSTON MARINE INSURANCE CO.
Ill
Brookline Gas Light Company bonds,
Newton city bonds,
West Shore Railroad bonds,
Boston & Lowell Railroad bonds,
Oregon Short Line & Utah No. R.R. stock,
Chicago, Burlington & Quincy Railroad stock
Iron Railway Company stock, .
Atch., Topeka & Santa Fe R.R. stock,
Manchester Mills stock, .
Boston & Albany Railroad stock,
Boston & Lowell Railroad stock,
Fitchburg Railroad stock,
Pullman Palace Car Company stock,
Connecticut & Passumpsic Railroad stock
Atlantic Bank stock, .
Atlas Bank stock,
Beverly Bank stock, .
Brookline Bank stock,
Columbian Bank stock,
Commercial Bank stock,
Continental Bank stock,
Eagle Bank stock,
Eliot Bank stock,
Exchange Bank stock,
First Bank stock,
First Bank, Salem, stock,
Freeman's Bank stock,
Globe Bank stock,
Grand Bank, Marblehead, stock
Hamilton Bank stock,
Hide and Leather Bank stock,
Howard Bank stock, .
Lincoln Bank stock, .
Mercantile Bank, Salem, stock,
Merchants' Bank stock,
Merchants' Bank, Salem, stock,
Naumkeag Bank, Salem, stock,
New England Bank stock,
North Bank stock,
Old Boston Bank stock, .
Railroad Bank, Lowell, stock,
Republic Bank stock
Revere Bank stock,
Second Bank stock,
State Bank stock,
Suffolk Bank stock,
Tremont Bank stock,
Par Value.
525,000 00 .
25,000 00
5,000 00
25,000 00
5,000 00
54,000 00
29,700 00
56,500 00
20,000 00
20,000 00
10,000 00
25,000 00
12,000 00
5,000 00
10,000 00
10,700 00
13,000 00
10,000 00
12,000 00
36,500 00
20,000 00
15,200 00
30,000 00
10,000 00
10,000 00
10,000 00
20,000 00
15,000 00
1,700 00
10,000 00
11,000 00
10,000 00
16,600 00
10,000 00
23,000 00
5,000 00
10,000 00
15,000 00
10,000 00
10,000 00
5,000 00
15,000 00
20,000 00
20,000 00
29,500 00
6,700 00
5,000 00
Market Value.
$25,000 00
26,750 00
5,350 00
26,250 00
750 00
37,530 00
14,850 00
12,995 00
20,400 00
41,800 CO
20,500 00
23,500 00
18,240 00
7,150 00
10,800 00
12,184 63
18,167 50
12,000 00
11,520 00
29,200 00
20,000 00
11,894 00
36,675 00
12,500 00
23,375 00
8,925 00
17,400 00
12,600 00
2,040 00
10,600 00
11,921 25
8,750 00
12,450 00
10,375 00
32,660 00
6,725 00
13,000 00
22,350 00
10,000 00
10,600 00
6,550 00
20,775 00
16,050 00
35,425 00
31,933 75
7,169 00
4,100 00
.,127,100 00 $1,093,440 13
112
BOSTON MAKINE INSURANCE CO.
Securities held as collateral for cash loans : —
800 shares Cobb Lime Co., ....
30 " Gloucester Gas Light Co ,
25 " Boston & Bangor S.S. Co., .
Lynn city bonds,
Market Value. Loaned Thereon.
$48,000 00
4,450 00
1,000 00
3,150 00
$25,000 00
2,000 00
750 00
2,800 00
$56,600 00 $30,550 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Interest due and accrued, .
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Gross assets,
$26,200 00
998,950 00
6,311 40
1,093,440 13
30,550 00
216,187 96
4,371 83
154,479 97
180,028 17
1,710,519 46
Liabilities.
Losses adjusted and reported, . .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
Income.
Premiums on risks written or renewed, .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
M 87,015 00
352,899 67
17,578 05
$136,760 34
26,640 19
$110,120 15
8,188 96
$363,690 36
887,366 69
1,251,057 05
307,867 95
$913,189 10
110,562 88
557,492 72
52,153,026 74
1,000,000 00
11,153,026 74
$101,931 19
832,626 22
* Total value of property mortgaged,.
Amount of insurance held as collateral,
$2,248,100 00
827,855 00
BOSTON MARINE INSURANCE CO.
113
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Gross cash income,
$41,243 69
58,016 49
. $1,033,817 59
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, ....
$13,659 86
1,845 6L
$839,898 19
115,185 37
11,814 25
724,712 82
100,000 00
61,262 07
59,822 16
7,911 02
104,083 16
. $1,069,605 48
Risks and Premiums.
Fire risks written during 1896,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
.112,935,465 00
. 2,422,925 00
. $10,512,540 00
728,590 00
Premiums.
$136,760 34
21,194 70
$115,565 64
7,335 70
1,783,950 00 $108,229 94
$9,420,120 00
58,899,178 00
,319,298 00
61,156,471 00
$7,162,827 00
311,473 00
$606,005 58
887,366 69
11,493,372 27
1,000,598 73
$492,773 54
16,970 56
$6,851,354 00 $475,802 98
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .
525,348,102 00
17,867,195 00
16,970 00
799,254 00
1,830,000 00
100,000 00
106,100 00
114
FIREMEN S FIRE INSURANCE CO.
FIREMEN'S FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Dec. 21, 1872. Commenced business Dec. 30, 1872.]
Paid-up Capital, $400,000.
THOMAS W. TUCKER, President. HENRY C. SHORT, Secretary.
Office, 43 Kilby Street.
Detailed Statement of Stocks
Boston city bonds,
Fall River city bonds,
Lawrence city bonds,
Quincy city bonds, .
Haverhill city bonds,
Brookline town notes,
Eastern Railroad bonds,
Taunton city bonds, .
Boston & Providence Railroad bonds,
Old Colony Railroad bonds,
Boston & Maine Railroad bonds,
Boston & Lowell Railroad bonds, .
Boston & Albany Railroad bonds, .
Maine Central Railroad bonds,
Fitchburg Railroad bonds,
Chicago, Burlington & Quincy R.R. bonds,
Kan. City, St. Joseph & C. Bluffs R.R. bonds,
Chicago, Burlington & Northern R.R. bonds,
Cedar Rapids, Iowa Falls & No. W. R.R. bonds
St. Paul & North Pacific Railroad bonds,
Jackson, Lansing & Saginaw R.R. bonds,
200 shares City National Bank,
200
200
53
200
103
200
12
284
Hamilton National Bank,
Eagle National Bank,
Webster National Bank,
Revere National Bank,
Atlas National Bank,
Boston National Bank,
Old Boston National Bank,
Atlantic Cotton Mills stock,
Loan to Arlington Mills, .
Loan to Cabot Manufacturing Co., .
Loan to Cocheco Manufacturing Co.,
Loan to Merrimack Manufacturing Co.,
and Bonds.
Par Value.
$60,000 00
30,000 00
20,000 00
8,000 00
10,000 00
18,000 00
22,500 00
30,000 00
25,000 00
20,000 00
10,000 00
1,000 00
25,000 00
10,000 00
25,000 00
25,000 00
20,000 00
25,000 00
25,000 00
30,000 00
10,000 00
20,000 00
20,000 00
20,000 00
5,300 00
20,000 00
10,300 00
20,000 00
1,200 00
28,400 00
25,000 00
25,000 00
25,000 00
30,000 00
Market Value.
$64,150 00
31,950 00
21,000 00
8,340 00
10,500 00
18,450 00
26,662 50
32,100 00
26,500 00
21,000 00
10,425 00
1,046 25
26,250 00
10,125 00
25,343 75
24,000 00
23,700 00
25,781 25
25,625 00
37,200 00
10,200 00
14,300 00
21,200 00
15,650 00
5,319 88
16,050 00
11,729 12
17,650 00
1,272 00
19,241 00
25,0 00
25,000 00
25,000 00
30,000 00
Securities held as collateral for cash loans : —
1 share Pacific Mills stock, ....
$699,700 00 $707,760 75
Market Value. Loaned Thereon.
$1,890 00 $1,000 00
FIREMEN S FIRE INSURANCE CO.
115
Summary of Assets Dec.
Loans on mortgage of real estate (first liens *),
Interest accrued thereon, ....
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Salvage due (since received), .
PrenVs more than three mos. due, . $227 23
Gross assets, . .
31, 1896.
$146,200 00
1,510 44
707,760 75
1,000 00
411 32
23,121 74
7,415 88
9,657 05
230 14
$897,307 32
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses,
Unearned premiums on outstanding risks
Dividends to stockholders unpaid, .
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, . . .
Surplus over capital,
Income
Fire premiums outstanding Dec. 31, 1895
Same not collected, ....
Net collected, .
Premiums on risks written or renewed,
Total,.
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
$1,344 36
4,208 66
$5,553 02
399 56
$5,153 46
137,083 97
152 00
1,750 00
500 00
1,905 38'
500 00
113 93
$12,018 63
1 50
!,017 13
105,147 85
$117,164 98
9,884 28
$107,280 70
17,817 48
147,158 74
$750,148 58
400,000 00
$350,148 58
,463 22
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$293,200 00
180,600 00
246,500 00
116
MERCANTILE FIRE AND MARINE INSURANCE CO.
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
$7,807 66
30,092 58
$127,363 46
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, ....
$49,632 70
3,977 87
$45,654 83
31,960 00
12,930 29
16,175 00
4,734 73
9,049 24
$120,504 09
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
. $39,294,790 00 $366,145 44
. 12,034,147 00 105,147 85
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$51,328,937 00 $471,293 29
. 15,657,575 00 141,308 91
.$35,671,362 00 $329,984 38
. 1,079,463 00 9,196 23
.$34,591,899 00 $320,788 15
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . .
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
13,053,775 00
1,561,348 00
39,891 00
709,000 00
32,000 00
25,100 00
MERCANTILE FIRE AND MARINE INSURANCE COMPANY,
BOSTON.
[Incorporated Feb. 11, 1823. Commenced business May, 1823.]
Paid-up Capital, $400,000.
CEO. R. ROGERS, President. JAMES SIMPSON, Secretary.
Office, 47 Kilby Street.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
100 shares Atlantic National Bank, . . . $10,000 00 $10,800 00
200 " City National Bank, . . . 20,000 00 14,300 00
200 " Columbian National Bank, . . 20,000 00 19,200 00
MERCANTILE FIRE AND MARINE INSURANCE CO.
117
214 shares Eagle National Bank,
300 " Globe National Bank,
120 " Hamilton National Bank,
160 " New England National Bank,
200 " North National Bank, .
18 " Railroad National Bank, .
178 " State National Bank,
356 " Suffolk National Bank, .
100 " Tremont National Bank,
200 " Union National Bank, .
200 " Boston & Providence Railroad,
100 " Chicago. Burlington & Quincy R.R.
100 " Lyman Mills, ....
35 " Oregon Railway & Navigation Co.
Boston city bonds,
Union Pacific, Lincoln & Colorado R.R. bonds,
Kansas City, Fort Scott & Memphis R.R. bonds,
Oregon Railway & Navigation Co. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Concord & Montreal Railroad bonds,
Old Colony Railroad bonds,
City of Cambridge bonds,
City of Providence bonds,
Boston & Albany Railroad bonds, .
Boston & Lowell Railroad bonds,
City of Lowell bonds,
Boston & Maine Railroad bonds,
City of Taunton bonds,
Old Colony Railroad bonds,
Fitchburg Railroad bonds,
Norwich & Worcester Railroad bonds,
Par Value.
&2 1,400 00
30,000 00
12,000 00
16,000 00
20,000 00
1,800 00
17,800 00
35,600 00
10,000 00
20,000 00
20,000 00
10,000 00
10,000 00
3,500 00
10,000 00
20,000 00
5,000 00
2,000 00
1,000 00
10,000 00
10,000 00
5,000 00
10,000 00
15,000 00
5,000 00
5,000 00
10,000 00
5,000 00
12,000 00
2,000 00
5,000 00
Market Value.
$16,745 00
25,200 00
12,600 00
23,840 00
20,000 00
2,380 00
19,268 00
38,092 00
8,200 00
26,050 00
51,600 00
7,000 00
8,200 00
1,225 00
10,650 00
4,900 00
4,125 00
1,600 00
987 00
10,450 00
10,525 00
5,325 00
11,100 00
15,675 00
5,200 00
5,400 00
10,450 00
5,400 00
12,060 00
2,010 00
5,025 09
ml
1410,100 00 $425,582 00
Summary of Assets Dec.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
31, 1896.
$108,500 00
1,014 45
425,582 00
1,111 47
45,744 10
1,540 42
24,357 40
$607,849 84
* Value of lands mortgaged $116,200 00
Value of buildings thereon, ....... 104,600 00
Amount of insurance held as collateral, .... 111,700 00
118
MERCANTILE FIRE AND MARINE INSURANCE CO.
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
SI 1,882 00
148,160 30
467 64
37 66
3,034 37
2,562 40
304 77
Surplus over capital, .
$166,449 14
$441,400 70
400,000 00
$41,400 70
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Gross cash income, ....
$22,730 67
237,026 29
$259,756 96
24,357 40
$235,399 56
54,383 83
$82 74
200 19
sources,
1181,015 73
282 93
3,512 89
18,312 90
$203,124 45
Expenditures.
Cash paid for fire losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
191,132 72
24,198 00
40,848 29
18,667 00
4,679 47
16,498 66
Gross cash expenditures,
$196,024 14
NORTH AMERICAN INSURANCE CO.
119
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
.129,089,963 00 $325,120 38
. 21,642,153 00 237,026 29
Total,
Deduct risks expired and terminated,
In force at end of year. .
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1896, .
Deduct risks expired and terminated,
.|50,732,116 00 $562,146 67
. 20,478,849 00 230,378 49
.|30,253,267 00 $331,768 18
. 3,270,771 00 36,577 86
. f26,982,496 00 $295,190 32
$5,000 00 $200 19
$5,000 00 $200 19
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
58,401,119 00
5,801,769 00
77,555 00
2,220,720 00
24,000 00
11,200 00
NORTH AMERICAN INSURANCE COMPANY, BOSTON.
[Incorporated December, 1872. Commenced business Jan. 1, 1873.]
Paid-up Capital, $200,000.
SILAS PEILICE, President. CHARLES E. MACULLAR, Secretary.
Office, 59 Kilby Street.
Detailed Statement of Stocks and Bonds.
United States bonds, .....
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Northern Pacific R.R. bonds, .
Union Pacific Railroad bonds, .
Oregon Railway & Nav. bonds,
Kan. City, Memp. & Birmingham R.R. bonds
Consolidated Railroad of Vermont bonds, -
Ogdensburg & Lake Cham plain R.R. bonds,
Boston & Maine Railroad bonds,
138 shares Boston National Bank, .
Par Value.
$15,000 00
5,000 00
5,000 00
4,000 00
6,000 00
12,000 00
7,000 00
5,000 00
4,000 00
10,000 00
13,800 00
Market Value.
$16,537 50
.6,500 00
4,443 75
4,640 00
5,100 00
13,590 00
2,645 00
2,775 00
3,380 00
11,650 00
12,420 00
120
NORTH AMERICAN INSURANCE CO.
Par Value.
Market Value.
50 shares City National Bank,
$5,000 00
$3,575 00
100 " Eliot National Bank,
10,000 00
12,200 00
17 " Exchange National Bank,
1,700 00
2,125 00
95 " Globe National Bank,
9,500 00
7,980 00
29 " Hide and Leather National Bank,
2,900 00
3,142 88
150 " Merchants 1 National Bank, .
15,000 00
22,950 00
143 " Old Boston National Bank, .
14,300 00
15,158 00
50 " Shoe and Leather National Bank,
5,000 00
4,512 50
100 " State National Bank,
10,000 00
10,825 00
67 " Suffolk National Bank, .
6,700 00
7,169 00
American Sugar Refinery Co. stock,
10,000 00
11,100 00
Northern R.R. Co. stock, ....
5,000 00
7,737 50
$181,900 00
$192,156 13
Securities held as collateral for cash loans :
Market Value.
Loaned Thereon.
Massachusetts State bonds,
$26,500 00
$25,000 00
Vermont and Massachusetts R.R. bonds, .
1,058 75 \
Boston United Gas Co. bonds, .
1,530 00 >
2,400 00
Eastern R.R Co. bonds, ....
1,185 00 )
Mexican Central bonds,
8,600 00 )
3,800 00 S
10,000 00
United States Rubber Co. stock,
$42,673 75
$37,400 00
Summary of Assets Dec
. 31, 1896.
Cash value of unencumbered real estate,
$48,300 00
Loans on mortgage of real estate (first liens *)
81,750 00
Interest due or accrued thereon,
1,067 14
Stocks and bonds, as per schedule, .
192,156 13
Loans on collateral security, as per schedule,
37,400 00
Cash in the office and in bank,
12,245 05
Interest due and accrued, .
3,111 64
Premiums in course of collection (gross),
23,856 29
Rents due and accrued,
1,216 25
Gross assets,
$401,102 50
Liabilities.
Losses adjusted, unpaid,
$3,940 68
Losses disputed or resisted, .
7,337 46
Total amount of losses,
$11,278 14
Less reinsurance,
753 33
Net amount of unpaid losses, .
$10,524 81
Unearned premiums on outstanding risks,
140,086 54
* Value of lands mortgaged
. $50,350 00
00
Amount of insurance held as collateral,
85,150 00
NORTH AMERICAN INSURANCE CO.
121
Cora missions and brokerage, .
Return premiums, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .
1,750 87
252 10
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Bank tax refunded, . . . .
Gross cash income, . .
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for tire losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employee
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, .
|28,065 65
120 04
|27,945 61
216,582 96
$244,528 57
23,856 29
$220,672 28
56,576 73
sources,
$96,607 92
12,498 04
s,
$154,614 32
$246,488 18
200,000 00
,488 18
$164,095 55
3,539 20
10,811 98
1,043 62
542 69
$180,033 04
$84,109 88
12,000 00
33,517 51
17,300 00
3,234 74
17,209 41
$167,371 54
Eisks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$30,207,924 00
21,215,082 00
$51,423,006 00
19,297,990 00
$32,125,016 00
3,831,565 00
Premiums.
$318,789 86
216,582 96
$535,372 82
207,107 04
$328,265 78
41,450 15
$28,293,451 00 $286,815 63
122
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the } r ear (6 per cent.), .
Company's stock owned by directors,
$2,901,345 00
1,410,200 00
84,128 00
323,000 00
12,000 00
26,700 00
SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY,
SPRINGFIELD.
[Incorporated 1849. Commenced business 1851.]
Paid-up Capital, $1,500,000.
A. W. DAMON", President.
S. J. HALL, Secretary.
Detailed Statement of Stocks
United States bonds, ....
Amherst (Mass.) Water Co. bonds, .
Ann Arbor (Mien.) Water Co. bonds,
Berkshire (Mass.) Water Co. bonds,
Wakefield (Mass.) Water Co. bonds,
West Springfield (Mass.) Aqueduct Co. bonds
Chicago, Burlington & Quincy R.R. bonds,
Chicago, Burlington & Northern R.R. bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago & Northwestern R.R. bonds,
Detroit, Lansing & Northern R.R. bonds,
Kan. City, St. Joe & Council Bluffs R.R. bonds
New York & Harlem R.R. bonds, .
N. Y., N. H. & Hart. R.R. deb. bonds, .
St. Paul, Minneapolis & Manitoba R.R. bonds
Union Pacific Railroad bonds, .
1,500 shares Boston & Albany Railroad, .
634 '
750
550
550
400
500
563
1,000
2,050
600
240
226
Chicago & Alton Railroad, .
Chicago, Burl. & Quincy R.R.,
Chicago, Mil. & St. Paul R R ,
Chicago, Rock Island & Pac. R.R
Connecticut River Railroad,
Conn. & Passumpsic Rivers R.R
Illinois Central Railroad,
New York & Harlem Railroad,
N.Y., New Haven & Hartford R.R
Pennsylvania Railroad,
Rome, Watertown & Ogdens. R.R
Springfield Street Railway, .
and Bonds.
Par Value.
$94,000 00
16,000 00
50,000 00
15,000 00
50,000 00
25,000 00
26,000 00
11,000 00
10,000 00
50,000 00
2,000 00
100,000 00
10,000 00
60,000 00
50,000 00
47,000 00
150,000 00
63,400 00
75,000 00
55,000 00
55,000 00
40,000 00
50,000 00
56,300 00
50,000 00
205,000 00
30,000 00
24,000 00
22,600 00
Market Value.
$105,600 00
16,480 00
53,000 00
15,450 00
53,000 00
27,250 00
26,050 00
11,330 00
13,000 00
57,000 00
1,200 00
120,000 00
11,100 00
81,600 00
59,000 00
45,590 00
313,500 00
103,976 00
52,500 00
72,050 00
36,300 00
100,000 00
52,500 00
52,359 00
145,000 00
364,900 00
31,200 00
28,320 00
45,200 00
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
123
1,000 shares West End Street Railway, .
203 " Agawam Nat'l Bank, Springfield
100 " Chapin National Bank, Springfield
104 " Chicopee Nat'l Bank, Springfield
100 " City National Bank, Springfield,
200 " First National Bank, Springfield,
200 " John Hancock N'l B'k, Springfield
127 " Pynchon N'l Bank, Springfield,
200 " Second National B'k, Springfield,
200 " Third National Bank, Springfield
100 " Atlas National Bank, Boston,
100 " Boston National Bank, Boston,
150 " Boylston National Bank, Boston,
100 " Eliot National Bank, Boston,
100 " Freeman's National Bank, Boston
300 " Howard National Bank, Boston,
100 " Merchants' National Bank, Boston
200 " N'l B'k of Commonwealth, Boston
100 " N'l Bank of Commerce, Boston,
100 " National Exchange Bank, Boston
100 " New England N'l Bank, Boston,
100 " Old Boston N'l Bank, Boston,
100 " Shawmut National Bank, Boston,
50 " Tremont National Bank, Boston,
100 " Washington N'l Bank, Boston,
100 " Webster National Bank, Boston,
65 " First National Bank, Chicopee,
67 " Franklin Co. N'l Bank, Greenfield
250 " City National Bank, Holyoke,
50 " First National Bank, Lynn, .
10 " Monson National Bank, Monson
20 " Adams N'l Bank, No. Adams,
60 " First N'l Bank, Northampton,
100 " Northampton N'l B'k, N'hampton
37 " Palmer National Bank, Palmer,
75 " Ware National Bank, Ware,
100 " Bank of No. America, New York
200 " Continental N'l Bank, New York
200 " Fourth National Bank, New York
100 " N'l B'k of Commerce, New York
100 " St. Paul Nat'l B'k, St. Paul, Minn.
P ar Value.
$50,000 00
20,300 00
10,000 00
10,400 00
10,000 00
20,000 00
20,000 00
12,700 00
20,000 00
20,000 00
10,000 00
10,000 00
15,000 00
10,000 00
10,000 00
30,000 00
10,000 00
20,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
5,000 00
10,000 00
10,000 00
6,500 00
6,700 00
25,000 00
5,000 00
1,000 00
2,000 00
6,000 00
10,000 00
3,700 00
7,500 00
7,000 00
20,000 00
20,000 00
10,000 00
10,000 00
Market Value.
$85,000 00
20,300 00
13,500 00
16,120 00
14,700 00
22,000 00
22,000 00
17,145 00
27,000 00
42,000 00
11,400 00
^8,800 00
18,750 00
12,200 00
8,700 00
26,100 00
14,200 00
27,600 00
11,200 00
12,500 00
14,900 00
10,600 00
11,200 00
4,100 00
10,200 00
10,000 00
9,425 00
7,236 00
25,000 00
7,250 00
1,400 00
2,400 00
7,800 00
15,000 00
5,180 00
8,250 00
9,450 00
27,000 00
36,000 00
20,200 00
10,000 00
$2,016,100 00 $2,778,261 00
Securities held as collateral for cash loans : —
100 shares West Springfield Aqueduct Co.,
413 " Thompsonville (Ct.) Water Co., .
30 " West Springfield Aqueduct Co.,
Market Value. Loaned Thereon.
$21,500 00 $10,000 00
12,390 00 10,000 00
6,450 00 3,200 00
124
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
Market Value. Loaned Thereon.
45 shares Third National Bank, Springfield,
17 " Springfield Street Railway Co.,
15 " West Springfield Aqueduct Co.,
100 " Nonotuck Paper Co., Holyoke,
108 " Parson's Paper Co., Holyoke, .
22 " Chicago & Alton Railroad Co.,
50 " Boston & Mont. Copper Mining Co.,
7 " Pullman Palace Car Co.,
$9,450 00 )
3,400 00 S
3,225 00
30,000 00 )
43,200 00 S
3,608 00>|
4,750 00 }»
1,050 00 J
$6,000 00
2,500 00
50,000 00
5,000 00
$139,023 00 $86,700 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance,
Gross assets,
Deduct special deposits in other States, .
Balance, $4,020,124 75
$134,000 00
648,050 00
19,054 16
2,778,261 00
86,700 00
62,034 20
73,385 86
28,389 82
272,659 17
995 16
1,845 38
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$57,313 11
90,875 65
22,684 51
§170,873 27
14,916 40
$155,956 87
1,509,455 96
54,531 83
36,460 85
£1,756,405 51
14,340 44
1,105,374 75
85,250 00
1,742,065 07
52,278,059 68
1,500,000 00
$778,059 68
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$498,650 00
842,850 00
740,350 00
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
125
Income.
Fire premiums outstanding Dec. 31, 1895, . $239,461 01
Premiums on risks written or renewed, . . 2,204,0(57 97
Total, $2,443,528 98
Premiums now in course of collection, . . 272,659 17
Entire premiums collected, .... $2,170,869 81
Less reinsurance and return premiums, . . 354,367 91
Net cash lire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Gross cash income,
fl,816,501 90
24,290 42
129,631 50
4,951 99
$1,975,375 81
Expenditures.
Cash paid for fire losses, $
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
,018,673 71
62,281 88
$956,391 83
150,000 00
297,771 78
90,302 51
70,116 17
197,018 87
1,761,601 16
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$270,396,221 00 $2,999,751 94
169,543,690 00 2,204,067 97
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
$439,939,911 00 $5,203,819 91
167,618,991 00 2,138,196 35
$272,320,920 00 $3,065,623 56
11,501,585 00 110,566 74
$260,819,335 00 $2,955,056 82
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ...
Marine and inland losses incurred during the year,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors,
$38,226,863 00
23,506,037 00
925,118 00
3,404,542 00
150,000 00
133,700 00
AGGREGATE*
Capital Stock.
Whole amount of capital actually paid up in cash,
$3,800,000 00
Assets.
Gross present assets,
9,216,264 00
Liabilities.
Gross present liabilities,
2,945,380 00
Income.
Cash actually received for lire premiums, ....
f2,562,687 00
actually received for marine premiums,
832,909 00
for interest and dividends from all sources,
350,111 00
from all other sources,
6,651 00
Gross cash income,
$3,752,358 00
Expenditures.
Cash actually paid during the year for fire losses,
$1,313,947 00
actually paid during the year for marine losses,
724,713 00
dividends to stockholders, ....
336,203 00
for brokerage and commissions on premiums,
490,079 00
for salaries and pay of officers and employees,
221,652 00
for State and local taxes, ....
97,501 00
for office, agency and incidental expenses,
359,107 00
Gross cash expenditures,
$3,543,202 00
Miscellaneous.
Whole amount of fire risks written during the year, .
$261,928,207 00
premiums charged or receivable thereon,
3,169,398 00
marine risks written during the year,
58,904,178 00
premiums charged or receivable thereon,
887,567 00
fire risks terminated during the year,
252,316,669 00
marine risks terminated during the year,
61,161,471 00
fire risks outstanding at end of year,
385,623,767 00
marine risks outstanding at end of year,
6,851,354 00
cash dividends declared during the year,
336,000 00
fire losses incurred during the year,
1,272,223 00
marine losses incurred during the year, .
799,254 00
FIRE, MAEINE AND FIRE-MARINE
INSITKANCE COMPANIES
OF OTHER STATES.
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements for the Year ending
December 31, 1896.
128
.ETNA INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
.ETNA INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated June, 1819. Commenced business August, 1819.]
Paid-up Capital, $4,000,000.
WM, H. KING, Secretary.
WM. B. CLARK, President.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . . . ' . . . $200,000 00 $222,750 00
Alabama State bonds, 10,000 00 10,500 00
Georgia State bonds, 25,000 00 28,750 00
Mississippi State bonds, 11,000 00 12,100 00
New Hampshire State bonds, .... 39,500 00 43,450 00
Tennessee State bonds, 23,000 00 18,860 00
Arizona Territory bonds, . . ... . 15,000 00 15,450 00
Hartford County, Conn., bonds, . . . 5,000 00 5,000 00
Mecklenburg County, N. C, bonds, . . . 67,000 00 76,380 00
Spokane Co., Wash., court house and jail bonds, 25,000 00 26,750 00
Talbot County, Ga., court house bonds, . . 11,000 00 11,550 00
Norwich, Conn., town bonds 100,000 00 126,000 00
Windsor Locks, Conn., town bonds, . . . 10,000 00 10,300 00
Albina, Oregon, city boulevard bonds, . . 25,000 00 31,250 00
Americus, Ga., city pub. b'ld'g and school bonds, 6,000 00 6,600 00
Bainbridge, Ga., city academy bonds, . . 8,000 00 8,800 00
Boston, Mass., city bonds, .... 30,000 00 34,800 00
Brooklyn, N. Y., city bonds, .... 1,000 00 1,050 00
Buffalo, N. Y., city bonds 50,000 00 61,000 00
City of Sioux Falls, So. Dakota, funding bonds, 25,000 00 25,500 00
Chicago, 111., city bonds, 16,000 00 17,120 00
Chicago sanitary district bonds, . . . 50,000 00 55,000 00
Columbus, Ohio, city improvement bonds, . 9,000 00- 9,630 00
Dalles City, Oregon, water bonds, .. . . 25,000 00 27,000 00
Dallas, Texas, city water and sewer bonds, . 50,000 00 51,500 00
Dayton, Ohio, city street paving bonds, . . 25,000 00 28,000 00
Fostoria, Ohio, city water bonds, . . . 25,000 00 26,250 00
Fort Wayne, Ind, city bonds, .... 25,000 00 26,500 00
Glenville, Ohio, village bonds, . . . . 7,000 00 7,140 00
Greensboro, N. C, city school bonds, . . 24,000 00 25,200 00
Greenville, Ala., school bonds, . . . 20,000 00 21,000 00
Hamilton, Ohio, city gas works bonds, . . 25,000 00 26,000 00
Hartford, Conn , city bonds, .... 51,000 00 54,570 00
Jersey City, N. J., city hall bonds, . . . 25,000 00 28,500 00
iETNA INSURANCE CO.
129
Kansas City, Kan., improvement bonds,
Lexington, Ky., city bonds,
Lock port, N. Y., city bonds,
Montreal, Canada, corporation stock,
Montreal, Canada, harbor bonds,
New Brunswick, N. J., water bonds,
Ogden City, Utah, improvement bonds,
Port of Portland, Oregon, gold bonds,
Providence, R. I., city bonds, .
Railway, N. J., city bonds,
Richmond, Va., city bonds,
Roanoke, Va., city bonds,
Seattle, Wash., city bonds,
St. Louis, Mo., city gold bonds,
Superior, Wis., city bonds,
Tacoma, Wash., city water and light bonds,
Toledo, Ohio, city special bonds,
Topeka, Kan., city funding bonds, .
Urbana, Ohio, city bonds, .
Watson ville, Cal., school bonds, . .
Winston, N. C, city bonds,
Brookline Wharf and Warehouse Co. bonds,
Central Safety Deposit Co. bonds, Chicago,
Tacoma Safety Deposit Co. bonds, Chicago,
Northeast School Dist., Hart., Conn., bonds,
School District, No. 2, Enfield, Conn., bonds,
School Dist., No. 1, Co. of Pueblo, Col., bonds,
School Dist., No. 24, Woodbridge, N. J., bonds,
State of 111 , Mason & Tazewell drain, dist. b'ds,
Y. M. C. A., Wilmington, N. C, bonds,
Albany & Susquehanna R.R. bonds,
Alabama Central R.R. bonds, .
Atchison, Colorado & Pacific R.R. bonds,
Akron & Chicago Junction R.R. bonds,
Buffalo & Erie R.R. bonds,
Buffalo, New York & Erie R.R. bonds,
Canadian Pacific Railway Co. land grant b 1 ds,
Central ia & Chester Railroad bonds,
Chesapeake & Ohio Railroad bonds,
Cleve , Col., Cin. & Indianapolis R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago & Northwestern Railroad bonds,
Chicago, Rock Island & Pacific R R. bonds,
Chicago & Western Indiana Railroad bonds,
Cincinnati, Dayton & Ironton Railroad bonds
Cincinnati, Hamilton & Dayton R.R. bonds,
Columbus & Toledo Railroad bonds,
Par Value.
$42,500 00
50,000 00
20,000 00
19,000 00
4,000 00
8,000 00
18,000 00
50,000 00
50,000 00
22,000 00
44,750 00
30,000 00
50,000 00
50,000 00
25,000 00
25,000 00
13,000 00
25,000 00
25,000 00
13,000 00
25,000 00
100,000 00
50,000 00
50,000 00
20,000 00
4,000 00
25,000 00
5,000 00
9,000 00
20,000 00
100,000 00
25,000 00
50,000 00
25,000 00
46,000 00
20,000 00
100,000 00
25,000 00
50,000 00
85,000 00
187,000 00
210,000 00
155,000 00
160,000 00
98,000 00
25,000 00
82,000 00
90,000 00
Market Value.
$44,625 00
54,500 00
21,400 00
20,900 00
4,000 00
8,800 00
18,360 00
56,000 00
55,500 00
19,140 00
49,902 50
31,800 00
51,500 00
53,000 00
25,750 00
25,750 00
14,430 00
25,750 00
25,000 00
13,600 00
25,000 00
100,000 00
50,000 00
52,500 00
20,000 00
4,000 00
25,000 00
5,200 00
9,900 00
20,000 00
121,500 00
27,750 00
15,000 00
25,750 00
48,300 00
27,400 00
111,000 00
23,750 00
49,500 00
105,825 00
197,210 00
263,050 00
194,900 00
183,100 00
111,900 00
27,000 00
91,400 00
105,280 00
130
JETNA INSURANCE CO.
Connecticut River Railroad coupon scrip,
Dayton & Western Railroad bonds,
Delaware & Hudson Canal Co. bonds,
Flint & Pere Marquette Railroad bonds, .
Hartford Street Railway Co. bonds, .
Harlem River & Port Chester Railroad bonds
Indiana & Lake Michigan Railroad bonds,
Indianapolis & Vincennes Railroad bonds,
Iowa Midland Railroad bonds,
Jeffersonville, Madison & Indiana R.R. bonds
Kansas Pacific Railroad bonds,
Keokuk & Des Moines Railroad bonds, .
Lake Shore Railroad bonds,
Lake Shore & Michigan Southern R.R. bonds
Louisville, New Albany & Chicago R.R. bonds
Louisiana & Missouri River R.R. bonds, .
Mahoning Coal Railroad bonds,
Michigan Central Railroad bonds, .
Minneapolis & St. Louis Railroad bonds,
Minneapolis Union Railroad bonds, .
Morris & Essex Railroad bonds,
N. Y. Central & Hudson River Railroad bonds
New York & Harlem Railroad bonds,
New York, Lake Erie & Western R.R. bonds
New York & New England R.R. bonds, .
N Y., New Haven & Hartford R.R. certificates
Norfolk & Western Railroad bonds,
North Chicago Street Railroad bonds,
Northwestern Union Railroad bonds,
Oswego Railroad Bridge Co. bonds,
Ohio & West Virginia Railroad bonds, .
Pittsburgh, Fort Wayne & Chicago R R. bonds
St. Louis, Alton & Terre Haute bonds, .
St. Paul, Minneapolis & Manitoba R R. bonds
St. Paul & Northern Pacific Railroad bonds,
St. Paul & Sioux City Railroad bonds,
Terre Haute & Peoria Railroad bonds,
Toledo & Ohio Central Railroad bonds,
Vermont Valley Railroad bonds,
Wabash Railroad bonds, .
West Chicago Street Railroad tunnel bonds,
West Shore Railroad bonds,
Loan & Guarantee Co. of Connecticut bonds,
Atlantic Mutual Insurance Company scrip,
400 shares American Telegraph & Cable Co.,
300 " International Ocean Tel. Co., .
84 " Brooklyn Wharf & WarehouseCo.,
50 " Connecticut River Company, .
Par Value.
|15,000 00
28,000 00
25,000 00
50,000 00
50,000 00
150,000 00
50,000 00
49,000 00
25,000 00
20,060 00
25,000 00
40,000 00
30,000 00
95,000 00
25,000 00
25,000 00
30,000 00
50,000 00
50,000 00
50,000 00
135,000 00
175,000 00
10,000 00
45,000 00
50,000 00
75,000 00
50,000 00
25,000 00
25,000 00
50,000 00
26,000 00
196,000 00
25,000 00
1,000 00
50,000 00
20,000 00
25,000 00
25,000 00
50,000 00
25,000 00
50,000 00
50,000 00
10,000 00
65,040 00
40,000 00
30,000 00
8,400 00
5,000 00
Market Value.
$15,000 00
31,360 00
36,000 00
40,250 00
51,000 00
176,000 00
42,500 00
59,290 00
27,500 00
22,900 00
16,500 00
41,200 00
32,400 00
111,500 00
26,250 00
28,250 00
35,100 00
57,500 00
61,750 00
60,500 00
187,900 00
211,750 00
11,100 00
63,000 00
61,500 00
102,750 00
60,500 00
25,875 00
34,500 00
59,000 00
31,200 00
267,970 00
26,125 00
1,100 00
62,000 00
25,600 00
21,250 00
27,000 00
55,000 00
26,500 00
51,000 00
53,250 00
10,000 00
68,292 00
36,000 00
33,000 00
840 00
1,000 00
.ETNA INSURANCE CO.
131
10 shares
500
t(
250
cc
150
(C
750
((
1,000
(C
240
(C
220
It
300
It
500
IC
300
cc
400
((
100
tc
400
;<
200
(C
1,000
ct
800
CI
500
u
1,875
cc
1,000
CC
500
u
750
cc
150
cc
600
cc
200
cc
200
cc
200
cc
400
cc
180
cc
150
cc
350
cc
200
cc
1,000
cc
550
cc
1,000
cc
550
cc
400
cc
400
cc
300
cc
100
cc
300
cc
100
cc
700
cc
120
cc
1,200
cc
400
cc
200
cc
500
cc
Underwriters' Salvage Co., N. Y.
Albany & Susquehanna R.R Co
Bald Eagle Valley Railroad Co.,
Central Ohio Railroad Compan} r
Cleve., Cinn., Chic. & St. L. R.R.
Cleveland & Pittsburgh Railroad
Chicago, Burl. & Quincy R R.,
Chic, Rock Island & Pacific R.R.
Connecticut River Railroad Co.,
Conn. & Passumpsic Rivers R R.
Dayton & Michigan Railroad Co
Fort Wayne & Jackson Railroad
Joliet & Chicago Railroad Co.,
Kalamazoo, Alle. & G.R. R.R. Co.
Keokuk & Des Moines R.R. Co.,
Morris & Essex Railroad Co.,
N.Y.C & Hudson River R.R, Co.
New York & Harlem R.R. Co.,
N. Y., N. H. & Hartford R.R. Co.
Northwest Telegraph Company,
Oswego & Syracuse R.R Co.,
Pitts., Ft Wayne & Chic. R.R. Co
Peoria & Bureau Valley R.R. Co.
Rensselaer & Saratoga R.R. Co.,
Valley (New York) Railroad Co.
iEtna N'l Bank, Hartford, Conn.
American N'l Bank, Hart., Conn.
Charter Oak N'l B'k, Hart , Conn.
City B'k of Hart'f'd, Hart , Conn.
Conn. River B'k'g Co , Ht., Conn.
Farm. & Mech. N'l B'k, Ht., Conn.
First Natl Bank, Hart., Conn.,
Hartford Nafl Bank, Hart., Conn.
Nat'l Exchange B'k, Hart., Conn.
Phoenix Nat'l Bank. Hart, Conn.
State Bank, Hartford, Conn.,
American Ex. Nat'l Bank, N.Y.,
Bank of the Manhattan Co., N.Y.
B'k of N.Y. N'l B'k'g Ass'n, N.Y.
Hanover National Bank, N.Y.,
Importers & Trad. N'l Bank, N Y.
Market & Fulton N'l Bank, N Y.
Merchants' National Bank, N. Y.
Merchants' Ex. Nat'l Bank, N. Y,
Mechanics' National Bank, N.Y,
Metropolitan Nat'l Bank, N.Y.,
Nassau Bank, N.Y.,
National B'k of Commerce, N Y,
Par Value.
$1,000 00
50,000 00
12,500 00
7,500 00
75,000 00
50,000 00
24,000 00
22,000 00
30,000 00
50,000 00
15,000 00
40,000 00
10,000 00
40,000 00
20,000 00
50,000 00
80,000 00
25,000 00
187,500 00
50,000 00
25,000 00
75,000 00
15,000 00
60,000 00
20,000 00
20,000 00
10,000 00
40,000 00
18,000 00
4,500 00
35,000 00
20,000 00
100,000 00
27,500 00
100,000 00
55,000 00
40,000 00
20,000 00
30,000 00
10,000 00
30,000 00
10,000 00
35,000 00
6,000 00
30,000 00
40,000 00
10,000 00
50,000 00
Market Value.
$500 00
87,500 00
25,000 00
4,950 00
56,250 00
82,500 00
16,800 00
14,520 00
75,000 00
52,500 00
27,000 00
50,000 00
16,000 00
52,800 00
3,000 00
82,500 00
76,000 00
72,500 00
337,500 00
55,000 00
50,750 00
125,250 00
25,500 00
110,400 00
22,000 00
29,000 00
14,000 00
40,000 00
19,260 00
6,750 00
40,250 00
23,000 00
140,000 00
35,750 00
125,000 00
60,500 00
69,200 00
42,400 00
72,600 00
32,700 00
162,300 00
22,500 00
48,300 00
6,900 00
57,000 00
5,200 00
15,300 00
102,500 00
132
JETNA INSUKANCE CO.
200 shares
150
it
300
tc
100
It
300
tt
200
It
100
tt
250
tt
100
tt
100
tt
100
tt
100
tt
100
tt
150
tt
100
tt
100
tt
Nat'l B'k of North America, N.Y
Nat'l Bank of the Republic, N.Y
Nat'l Butch. & Drovers' B'k, N.Y,
National City Bank, N.Y., .
Phenix National Bank, N.Y.,
People's Bank, N.Y., . . .
Third National Bank, N.Y., .
Farm. & Mech. N'l B'k, Phila., Pa
First National B'k, Albany, N.Y
New Brit. N'l B'k, N. Brit., Conn
Central Trust Co., N.Y ,
Holland Trust Co., N.Y., .
Metropolitan Trust Co., N.Y.,
N.Y. Life Ins. & Trust Co., N.Y,
United States Trust Co., N.Y.,
Union Trust Co., KY.,
Par Value.
$14,000 00
15,000 00
7,500 00
10,000 00
6,000 00
5,000 00
10,000 00
25,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
15,000 00
10,000 00
10,000 00
Market Value.
f 18,200 00
23,100 00
9,900 00
60,000 00
6,480 00
12,500 00
10,100 00
27,250 00
16,000 00
16,000 00
108,000 00
10,000 00
31,000 00
156,000 00
109,000 00
83,000 00
',665,190 00 $9,817,584 50
Securities held as collateral for cash loans :-
25 shares National Bank of Commerce, N.Y., .
25 " Mechanics' National Bank, N.Y., .
2 " American Bell Telephone Co.,
3 " Chicago, Burlington & Quincy R.R.,
2 " Manhattan Railway Co., .
2 " National New Haven Bank,
10 " New York & New Jersey Tel. Co.,
4 " Nat'l Pipe Bending Co., New Haven,
340 00
1,220 00
400 00 J
1,600 00
Market Value. Loaned Thereon.
$5,125 00 )
1,187 50 $
400 00^
210 00 J
176 00 '
}> 2,000 00
>,058 50 $5,600 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
Balance,
$225,000 00
36,500 00
313 46
9,817,584 50
5,600 00
1,494 19
788,381 43
512 50
602,856 67
-$11,478,242 75
253,717 50
$11,224,525 25
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$42,500 00
40,000 00
26,500 00
iETNA INSURANCE CO.
133
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Due for reinsurance, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
1,478 78
241,238 44
55,446 73
$360,163 95
19,158 01
$341,005 94
3,025,736 77
52,118 64
1,000 00
101,742 34
99,526 42
199,829 38
£3,820,959 49
165,161 40
$3,655,798 09
£7,568,727 16
4,000,000 00
£3,568,727 16
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total, . .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .....
Deposits received for perpetual fire risks,
Gross cash income, ....
$533,583 86
4,403,252 53
$4,936,836 39
537,780 61
$4,399,055 78
796,668 87
1,410 25
221,664 66
$261,074 91
65,076 06
$195,998 85
67,270 96
sources,
,712 38
;,602,386 91
128,727 89
1,985 00
480,428 03
6,437 47
[,219,965 30
134
^ETNA INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks,
Gross cash expenditures, ....
$867 55
11,779,369 60
106,456 10
720,000 00
628,510 30
260,102 97
80,307 55
265,762 05
1,840,508 57
$884,429,905 00 $10,715,415 01
361,517,924 00 4,449,750 10
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1895, . $519,123,799 00 $6,312,162 48
Fire risks written during 1896, . . 365,306,106 00 4,403,252 53
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Perpetual risks in force (notincl'd above),
$522,911,981 00
37,586,261 00
1,265,664 91
446,653 93
$485,325,720 00 $5,819,010 98
|2,330,828 00 $54,861 72
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
■
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$2,487,355 00
88,317,290 00
5,545 08
221,664 66
,804,645 00 $305,209 74
86,871,089 00 179,698 53
1,933,556 00 $125,511 21
473,448 00 20,209 01
1,460,108 00 $ 105,302 20
Miscellaneous.
Premiums received from organization of the company, .
Losses paid from organization of the company,
Fire losses incurred during; the vear, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (18 per cent.),
Company's stock owned by directors, ....
$141,174,100 00
79,198,979 00
1,711,275 00
116,980 00
22,913,365 00
720,000 00
343,100 00
AGRICULTURAL INSURANCE CO.
135
« AGRICULTURAL INSURANCE COMPANY," WATERTOWN, N. Y.
[Incorporated 1853.* Commenced business February, 1853.]
Paid-up Capital, $500,000.
JEAN R. STEBBINS, President. H. M. STEVENS, Secretary.
Detailed Statement of Stocks and Bonds.
Union Pacific Railroad bonds, .
City of Kingston bonds, ....
City of Richmond bonds, ....
Dexter Sulphite Pulp and Paper Co. bonds,
Chicago, Rock Island & Pacific R.R. bonds,
New York Central & Hudson River R.R. stock,
Chicago, Milwaukee & St. Paul R R. stock,
Western Union Telegraph stock,
National Union Bank stock,
Jefferson County National Bank stock,
Watertown National Bank stock,
Excelsior Carriage Co. stock, .
Union Building and Loan Co. certificate,
Par Value.
$2,000 00
138,100 00
27,000 00
5,000 00
25,000 00
20,000 00
30,000 00
108,500 00
16,800 00
800 00
10,500 00
2,500 00
10,000 00
Market Value.
$2,060 00
149,148 00
27,000 00
5,000 00
26,000 00
18,700 00
22,012 50
90,461 87
28,700 00
1,520 00
19,425 00
2,500 00
10,000 00
$396,200 00 $402,527 37
Securities held as collateral for cash loans : —
Real estate mortgages,
Deeds of real estate, ....
The Bagley & Sevvall Co. stock,
Watertown Spring Wagon Co. stock,
Chicago & Alton R.R. stock,
First National Bank of Carthage, N. Y., stock,
National Bank of Fayetteville, N. Y., stock, .
Felts Mills Paper Co. stock, .
Remington Paper Co. stock, .
First National Bank of Frankfort, N. Y., stock,
First National Bank of Herkimer, N. Y., stock,
Watertown Steam Engine Co. stock,
Watertown National Bank stock,
Hudson River Pulp and Paper Co. stock,
Watertown National Bank stock,
Ontario Paper Co. stock, ....
Remington Paper Co. stock,
Utica City National Bank stock,
N. Y. Central & Hudson River R.R. stock,
Market Value.
$50,210 50
35,000 00
23,700 00
4,200 00
7,040 00
' 6,250 00
1,667 50
5,200 00
3,000 00
11,250 00
12,150 00
9,800 00
2,775 00
30,000 00
1,850 00
3,700 00
11,900 00
2,000 00
5,142 50
Loaned Thereon.
|39,610 50
23,942 30
10,000 00
3,500 00
3,899 91
5,000 00
914 06
2,500 00
2,046 45
18,000 00
9,000 00
2,100 00
25,000 00
3,650 00
5,000 00
• 6,000 00
* Organized as mutual 1853; incorporated as stock 1C63.
136
AGRICULTURAL INSURANCE CO.
Union Carriage and Gear Co stock,
First N'l B'k of Richfield Springs, N. Y., stock,
National Union Bank, Watertown, N. Y., stock,
Union Nat'l Bank of Schenectady, N. Y., stock,
Bank of Philadelphia, N. Y., stock, .
Real estate mortgage, ....
N. Y. Central & Hudson River R.R. stock,
National Union Bank, Watertown, N. Y., stock
City National Bank, Watertown, N. Y., stock,
Watertown N'l B'k, Watertown, N. Y., stock,
American Express Co. stock, .
C. R. Remington & Son stock, .
Watertown Spring Wagon Co stock,
Carthage, Watertown & Sackets Har. R.R. st'k
Real estate mortgage,
Brownville Paper Co. stock,
Willamette Pulp and Paper Co. stock,
International Pulp Co. stock, .
Barber Asphalt Co. stock,
Batopilas Mining Co. bonds,
$210 00
5,000
00
3,500
00
1,974
75
Market Value. Loaned Thereon.
$500 00
6,000 00
$2,050 00
2,500 00
1,920 00
1,200 00
1,309 00
3,280 00
625 00 [
1,850 00 j"
1,635 00
7,500 00 J
300 00 n
100 00 i
1,350 00 )
5,000 00
15,000 00
2,000 00
12,000 00 ?
4,000 00 S
10,000 00
1,600 00
4,000 00
10,000 00
1,500 00
8,000 00
$296,954 50 $205,947 97
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $245,260 00
Loans on mortgage of real estate (first liens *), 1,067,096 97
Interest due or accrued thereon, . . . 26,233 49
Stocks and bonds, as per schedule, . . . 402,527 37
Loans on collateral security, as per schedule, 205,947 97
Cash in the office of the compan}-, . . . 15,427 39
Cash deposited in bank, 146,751 85
Interest due and accrued, 11,685 39
Premiums in course of collection (gross), . 205,144 25
Reinsurance on losses already paid, . . 6,170 49
Prem's more than three mos. due, $8,775 41
Gross assets,
Deduct special deposits in other States, . . *
>,332,245 17
176,148 00
Balance, $2,156,097 17
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
$13,954 88
37,526 32
33,715 32
1,331,941 54
45,099 66
* Total value of property mortgaged,
$2,287,410 00
AGRICULTURAL INSURANCE CO.
137
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
£9,712 36
3,229 50
$1,475,179 58
60,078 00
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1895, . $177,379 91
Same not collected, 8,775 41
Net collected, $168,604 50
Premiums on risks written or renewed, . . 1,601,106 00
Total, $1,769,710 50
Premiums now in course of collection, . . 205,144 25
1,415,101 58
$740,995 59
500,000 00
$240,995 59
Entire premiums collected, .... $1,564,566 25
Less reinsurance and return premiums, . , 504,664 25
Net cash tire premiums received, . . .
Interest received on morto-ao-es,
O O 7
Interest and dividends received from all other sources,
Income from rents,
Gross cash income,
. Expenditures.
Cash paid for fire losses, $ 590,447 56
Deduct salvage and reinsurance, . . . 51,246 66
Net cash paid for fire losses, ....
Cash dividends paid, ......
Cash paid for commissions and brokerage,
for salaries of officers and employees, .
for State and local taxes,
for incidentals,
Gross cash expenditures,
Risks and Premiums.
- $1,059,902 00
63,665 17
24,970 90
2,012 81
. $1,150,550 88
$539,200 90
50,075 00
206,550 26
116,244 89
33,978 36
108,525 63
$1,054,575 04
Fire risks outstanding Dec. 31, 1895, .
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
Premiums.
$288,959,447 00 $2,768,087 87
195,924,900 00 1,601,106 00
$484,884,347 00 $4,369,193 87
172,401,991 00 1,510,328 87
$312,482,356 00 $2,858,865 00
18,001,200 00 141,181 00
$294,481,156 00 $2,717,684 00
138
ALBANY INSTJEANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.), .
Company^ stock owned by directors, ....
$20,540,203 00
10,128,060 00
505,714 00
1,130,000 00
50,000 00
144,600 00
"ALBANY INSURANCE COMPANY," ALBANY, N. Y.
[Incorporated March 8, 1811. Commenced business March 16, 1811. Reorganized June 1, 1881.]
Paid-up Capital, $250,000.
JOHN" HOWARD KING, President. CHARLES H. HAHN, Secretary.
Detailed Statement of Stocks
Watervliet Turnpike and Railroad bonds,
Albany & Susquehanna Railroad bonds,
West Shore Railroad bonds,
New York Central Railroad bonds,
Wabash Railroad Company bonds,
Municipal gas bonds, Albany, N. Y.
Union Railroad Company bonds,
St. Louis & San Francisco bonds,
Ann Arbor Railroad bonds,
and Bonds.
Par Value.
$6,000 00
25,000 00
41,000 00
34,000 00
10,000 00
1,000 00
10,000 00
25,000 00
10,000 00
Market Value.
$6,900 00
29,500 00
42,640 00
35,465 00
9,650 00
1,085 00
10,300 00
26,455 00
7,400 00
$162,000 00 $169,395 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Premiums in course of collection (gross)
Due from agency accounts,
Gross assets, ....
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
31, 1896.
$12,500 00
252,650 00
1,280 81
169,395 00
4,463 75
12,255 85
6,626 64
1,999 12
lb 00
6,364 00
2,000 00
74,099 51
,171 17
* Value of lands mortgaged $199,200 00
Value of buildings thereon, 378,100 00
Amount of insurance held as collateral, .... 294,850 00
ALBANY INSURANCE CO.
139
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1895
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Income from agency profits,
Gross cash income,
$418 04
1,470 10
5,667 61
175 25
|8,492 36
117,148 02
$125,640 38
6,626 64
$119,013 74
14,090 38
other sources,
$85,176 65
|375,994 52
250,000 00
$125,994 52
$104,923 36
12,631 39
9,323 68
858 32
3,593 10
$131,329 85
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance, . .
Net cash paid for fire losses, ....
Cash dividends paid, . . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
,311 68
8,470 43
$52,841 25
20,000 00
18,020 59
9,095 19
6,851 27
3,123 58
$109,931 88
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
.$17,215,998 00 $166,086 66
. 12,013,373 00 117,148 02
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
.$29,229,371 00 $283,234 68
. 12,495,093 00 126,421 28
,734,278 00 $156,813 40
529,769 00 5,002 76
,204,509 00 $151,810 64
140
AMERICAN INSURANCE CO.
Miscellaneous.
Premiums received from reorganization of company,
Losses paid from reorganization of company,
Fire losses incurred during the year, ....
Cash dividends declared from reorganization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, .
^,489,432 00
807,945 00
52,994 00
325,000 00
20,000 00
60,100 00
"AMERICAN INSURANCE COMPANY," NEWARK, N. J.
[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.]
Paid-up Capital, $600,000.
F. H. HARRIS, President.
J. H. WORDEN, Secretary.
Detailed Statement of Stocks
United States bonds,
North Hudson County, N. J., Railroad bonds,
United New Jersey R.R. and Canal Co. bonds,
Morris & Essex Railroad bonds,
Lehigh Valley Railroad bonds,
Long Dock (Jersey City) bonds,
Newark Gas Company bonds, .
Madison, N. J., township bonds,
and Bonds.
Par Value.
$100,000 00
100,000 00
100,000 00
100,000 00
110,000 00
125,000 00
50,000 00
25,000 00
Market Value.
$110,000 00
103,000 00
113,000 00
139,000 00
121,000 00
166,250 00
62,500 00
25,312 50
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Rents clue and accrued, ....
American Ins. Co stock, . . $70,000 00
Prem's more than three mos. due, 824 56
Gross assets,
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Liabilities.
$710,000 00 $840,062 50
31, 1896.
|225,711 40
1,549,145 75
24,625 90
840,062 50
5,427 90
40,684 75
9,710 70
51,713 36
2,069 91
$2,749,152 17
$7,090 15
18,009 09
5,015 01
$30,114 25
1,224 26
$28,889 99
* Total value of property mortgaged,
Amount of insurance held as collateral, .
$3,925,710 00
1,884,725 00
AMERICAN INSURANCE CO.
141
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Dividends to policy holders unpaid, .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policyholders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, ....
Exp ENDIT ORES
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Dividends paid policy holders,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
$498,740 41
4,553 40
1,753 00
8,801 11
369 67
$543,107 58
$2,206,044 59
600,000 00
$1,606,044 59
$45,236 46
408 39
$44,828 07
658,504 73
$703,332 80
52,537 92
$650,794 88
125,676 72
sources,
$227,897 62
12,529 06
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
$106,957,196 00
69,375,965 00
$176,333,161 00
68,257,454 00
$108,075,707 00
4,728,198 00
$525,118 16
77,296 01
41,353 91
371 84
$644,139 92
$215,368 56
60,596 75
1,604 00
99,045 79
50,834 48
22,416 10
34,315 28
$484,180 96
Premiums.
$998,765 73
658,504 73
11,657,270 46
633,494 93
i 1,023,775 53
43,463 53
$103,347,509 00 $980,312 00
142
AMERICAN CENTRAL INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
^9,853,477 00
4,035,627 00
192,854 00
2,103,860 00
60,000 00
31,970 00
"AMERICAN CENTRAL INSURANCE COMPANY," ST. LOUIS, MO.
[Incorporated February, 1853. Commenced business February, 1853.]
GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary.
Paid-up Capital, $600,000.
Detailed Statement of Stocks
Commonwealth Realty Co. bonds, .
St. Louis Merchants 1 Bridge Co. bonds, .
Union Depot R.R. Co. bonds, .
St. Clair, Madison & St. L. Belt R.R. Co. bonds
Laclede Gas Light Co. bonds, .
St. Louis, C. B. & O. Railway bonds,
St. Louis County Park bonds, .
Jerseyville, 111., bonds, ....
Mo Electric Light and Power Co. bonds,
Norborne, Mo., school bonds, .
School Dist. No. 1, Cass Co., 111., bonds, .
De Soto, Mo., city funding bonds, .
National Bank of Com., St. Louis, stock,
Commercial Bank, St. Louis, stock,
Third National Bank, St. Louis, stock,
Mechanics' Bank, St. Louis, stock, .
Boatmen's Bank, St. Louis, stock, .
Laclede Gas Light Co. stock, .
Securities held as collateral for cash loans : —
Laclede Building Company's bonds,
300 shares American Brake Company,
500
57
100
10
35
and Bonds.
Par Value.
$100,000 00
75,000 00
75,000 00
30,000 00
52,000 00
18,000 00
15,000 00
15,000 00
32,000 00
8,000 00
8,000 00
3,500 00
180,000 00
25,000 00
23,200 00
11,100 00
10,000 00
4,800 00
Market Value.
$100,000 00
78,000 00
82,500 00
27,000 00
47,750 00
20,000 00
18,000 00
15,000 00
32,750 00
8,000 00
8,000 0Q
3,500 00
261,000 00
58,750 00
23,200 00
24,420 00
15,500 00
4,130 00
,600 00 $827,500 00
Market Value. Loaned Thereon.
$50,000 00 $45,000 00
19,500 00 )
Broadway Real Est. Co , St. Louis, Mo., 50,000 00 )
Pub. Geo Knapp & Co., St. Louis, xMo., 5,700 00 ]
Nat'l B'k of Commerce, St Louis, . 14,500 00
Mechanics' Bank, St. Loais, . 2,200 00
Miss. Valley Trust Co., St. Louis, . 2,900 00 j
$ 144,800 00
37,000 00
). 12,800 00
• 4,800 00
AMERICAN CENTRAL INSURANCE CO.
143
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $500,000 00
Loans on mortgage of real estate (first liens *), 87,000 00
Stocks and bonds, as per schedule, . . . 827,500 00
Loans on collateral security, as per schedule, 94,800 00
Cash in the office of the company, . . . 15,746 56
Cash deposited in bank, 63,146 43
Premiums in course of collection (gross), . 81,05104
Gross assets, ......
Deduct special deposits in other States,
,669,244 03
50,000 00
Balance, $1,619,244 03
Liabilities,
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, . . .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, .....
Surplus over capital, . . .
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
$29,493
53,343
25,015
94
38
00
$107,852
7,854
32
71
$99,997
663,504
12,157
1,099
61
71
65
75
$776,759
2,953
72
40
$92,970
970,585
47
97
$1,063,556
81,051
44
04
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from rents,
Gross cash income, . . . ...
$982,505
171,392
40
65
773,806 32
$845,437 71
600,000 00
$245,437 71
1,112 75
53,524 84
21,100 51
5,738 10
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$128,000 00
114,500 00
69,200 00
144
AMERICAN FIRE INSURANCE CO.
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance, . . .
Net cash paid for fire losses, ....
Cash dividends paid, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
$518,960 30
36,671 23
|482,289 07
60,000 00
127,966 99
67,932 18
18,906 18
98,192 33
$855,286 75
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$107,765,683 00 $1,336,391 04
76,559,387 00 970,585 97
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$184,325,070 00 $2,306,977 01
74,207,438 00 950,074 16
$110,117,632 00 $ 1,356,902 85
3,698,073 00 48,250 54
$106,419,559 00 $1,308,652 31
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$17,720,198 00
9,052,958 00
463,109 00
1,226,412 00
60,000 00
74,375 00
"AMERICAN FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April 30, 1857. Commenced business May 1, 1857.]
Paid-up Capital, $400,000.
FREDERICK W. DOWNER, President. SILAS P. WOOD, Secretary.
Detailed Statement of Stocks and Bonds.
Tar Value. Market Value.
United States bonds, . . . . . $200,000 00 $221,000 00
City of Brooklyn bonds, 150,000 00 154,625 00
City of New York school bonds, . . . 100,000 00 105,000 00
Lake Gas Company's (Chicago) bonds, . . 30,000 00 28,500 00
St. Louis & Iron Mountain Railroad bonds, . 10,000 00 7,400 00
Chicago & Northwestern Railway stock, . 20,000 00 20,150 00
AMERICAN FIRE INSURANCE CO.
145
Lake Shore & Michigan Southern R'y Co stock,
Chicago, Milwaukee & St. Paul R'y Co. stock,
Baltimore & Ohio Railroad stock, .
Merchants 1 National Bank stock,
Phoenix National Bank stock, .
American Exchange National Bank stock,
Mechanics 1 National Bank stock,
Western Union Telegraph Company stock,
United States Mortgage Company stock,
United States Trust Company stock,
Metropolitan Trust Company stock,
Securities held as collateral for cash loans
90 shares Hanover National Bank, .
30 shares Union Trust Co ,
Par Value.
$20,000 00
20,000 00
50,000 00
5,000 00
4,000 00
20,000 00
5,000 00
30,000 00
10,100 00
2,500 00
10,000 00
Market Value.
$30,300 00
26,400 00
8,250 00
6,700 00
4,320 00
31,600 00
9,550 00
24,975 00
20,806 00
27,125 00
30,500 00
$686,600 00 $760,501 00
Market Value. Loaned Thereon.
$28,350 00 $20,000 00
21,900 00 15,000 00
|53,250 00 $35,000 00
SUMMATCY OF ASSETS DEC. 31, 1896.
Loans on mortgage of real estate (first liens *),
Interest accrued thereon, ....
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Return premiums and reinsurance, .
Prem's more than three mos. due, $1,111 19
Gross assets,f
$14,500 00
120 84
760,501 00
35,000 00
1,042 55
65,826 46
6,400 83
87,907 71
776 98
$972,076 37
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
$21,832 28
35,617 64
9,456 17
$66,906 09
15,467 70
$51,438 39
308,564 35
2,133 00
5,388 70
* Value of lands mortgaged, ....... $21,500 00
Value of buildings thereon, . . . . . . . 14,500 00
Amount of insurance held as collateral, .... 14,500 00
t Including $115,000 special reserve fund held under New York law.
146
AMERICAN FIRE INSURANCE CO.
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
$5,060 11
12,412 86
12,991 65
1,545 68
$399,534 74
$572,541 63
400,000 00
$172,541 63
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total, ......
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Received for increased capital, .
Received for surplus fund,
Gross cash income, .
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for tire losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, .
5,261 76
682,341 93
$780,603 69
89,018 90
$691,584 79
114,212 13
sources, .
$7,850 00
1,250 00
$499,980 46
220,239 34
$577,372 66
725 00
26,158 08
$604,255 74
5279,741 12
103,918 74
46,186 28
10,513 00
66,199 71
,558 85
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$128,013,252 00 $1,376,232 28
71,049,605 00 682,341 93
Total,. .....
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$199,062,857 00 $2,058,574 21
106,249,818 00 1,138,539 28
£92,813,039 00 $920,034 93
34,645,891 00 349,620 46
$58,167,148 00 $570,414 47
AMERICAN FIRE INSURANCE CO.
147
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year,
Cash dividends declared from organization of company
Company's stock owned by directors,
3,585,519 00
7,058.941 00
249,855 00
1,456,000 00
148,100 00
» AMERICAN FIRE INSURANCE COMPANY," PHILADELPHIA, PA.
[incorporated Feb. 28, 1810. Commenced business March 12, 1810.]
Paid-up Capital, $500,000.
THOS. H. MONTGOMERY, President. RICHARD MARIS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Steubenville & Indiana Railroad bonds, . . $21,000 00 $23,100 00
Belt Road and Stock Yard bonds, . . . 20,000 00 20,760 00
Chicago & Western Indiana Railroad bonds, . 12,000 00 12,600 00
Philadelphia & Reading Railroad bonds, . 62,000 00 50,762 50
North Pennsylvania Railroad bonds, . . 26,000 00 31,720 00
Virginia & Tennessee Railroad bonds, . . 25,000 00 25,000 00
Georgia State bonds, 25,000 00 28,250 00
Delaware & Chesapeake Railroad bonds, . 5,000 00 4,466 66
Huntingdon & Broad Top Mt. R.R. bonds, . 10,000 00 10,600 00
Huntingdon & Broad Top Mt. R.R. car trust, . 10,000 00 10,125 00
Corning, Cowanesque & Antrim R R. bonds, . 2,000 00 2,020 00
Philadelphia & Reading Railroad bonds, . 25,000 00 25,750 00
Lehigh Valley Railroad bonds, . . . 51,000 00 62,220 00
Mortgage Trust Company, Pa., bonds, . . 25,000 00 25,104 16
Middlesex Banking Company bonds, . . 25,000 00 25,125 00
Northern Central Railroad bonds, . . . 19,000 00 21,660 00
Northern Pacific & Montana Railroad bonds, . 30,000 00 11,400 00
Penn. & New York Canal and Railroad bonds, 50,000 00 53,500 00
Portland city water bonds, .... 50,000 00 57,500 00
N. W. Guaranty Loan Company bonds, . . 30,000 00 12,500 00
Wheeling & Lake Erie exten. imp. bonds, . 15,000 00 13,500 00
Buffalo Street Railroad bonds, . . . . 20,000 00 21,400 00
Hughesville water bonds, .... 17,000 00 17,000 00
Pitts., Cm., Chic. & St. Louis R.R. bonds, . 30,000 00 32,550 00
Springfield water bonds, 10,000 00 10,300 00
United Electric securities, .... 10,000 00 9,458 34
Terre Haute & Logansport R.R. bonds, . . 25,000 00 18,750 00
Lehigh Valley Railroad bonds, . . . 25,000 00 24,750 00
Lehighton water bonds, . . . . . 4,000 00 4,100 00
Camden & Atlantic Railroad bonds, . . 15,000 00 17,550 00
Pittsburgh, Chartiers & Yough. bonds, . . 10,000 00 9,000 00
148
AMERICAN FIRE INSURANCE CO.
Omaha Loan & Trust Company bonds, .
Norfolk & Western car trust bonds,
Ashtabula & Pittsburgh Railroad bonds, .
Seaboard & Roanoke Railroad bonds,
Electric and People's Traction Trust cert's,
20 shares Philadelphia Bourse,
18 shares Phil. & Lancaster Turnpike Co.,
Berwin Water Company bonds,
Second Avenue Traction Co , Pittsburgh, bonds,
Company's own stock, . . $3,045 00
Securities held as collateral for cash loans : —
Lehigh Coal & Navigation Co. bonds,
200 shares Allegheny Valley Railway,
131 " National Lead Co., .
600 " Union Traction Co.,
125 " Union Trust Co., .
100 " Philadelphia Traction Co.,
Electric & People's Railway bonds, .
40 shares Commonwealth Title Ins. Co.
100 " Philadelphia Traction Co.,
100 " W^elsbach Light,
Second Avenue Traction Co., Pittsburg,
Shamokin & Mt. Carmel Electric R'y Co.,
200 shares Choc.,Okl. & Gulf voting trust certs.,
Par Value.
$10,000 00
12,000 00
15,000 00
20,000 00
35,000 00
1,000 00
40 50
10,000 00
11,000 00
MarKet Value.
$10,000 00
9,600 00
17,400 00
18,000 00
24,587 50
200 00
40 50
9,500 00
11,330 00
18,040 50 $793,179 66
Market Value. Loaned Thereon.
$3,810 00
1,600 00^
11,397 00
5,850 00 I
6,875 00 f
6,700 00 J
1,400 00 )
2,600 00
6,700 001
4,200 00
3,090 00
5,000 00 j
1,450 00
f 2,500 00
28,000 00
2,200 00
15,000 00
1,000 00
,672 00 $48,700 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $265,753 49
Loans on mortgage of real estate (first liens*), 1,147,666 29
Interest due or accrued thereon, ... 26,943 34
Stocks and bonds, as per schedule, . . . 793,179 66
Loans on collateral security, as per schedule, . 48,700 00
Cash in the office of the company, . . . 11,150 70
Cash deposited in bank, 104,923 65
Interest due and accrued, 263 38
Premiums in course of collection (gross), . 100,804 01
Rents due and accrued, . .'.. . . 23,361 44
Gross assets,
Deduct special deposits in other States, .
Balance,
5,522,745 96
57,500 00
?,465,245 96
* Value of lands mortgaged, $1,366,500 00
Value of buildings thereon 1,305,29100
Amount of insurance held as collateral, .... 919,882 00
AMERICAN FIRE INSURANCE CO.
149
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, .
Surplus over capital,
$18,385 17
85,194 74
18,523 05
855,949 95
564,564 87
17,438 78
3,467 52
l,563,524 08
13,453 52
11,550,070 56
$915,175 40
500,000 00
$415,175 40
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total, .....
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, . .
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
$91,616 51
1,511,766 97
$1,603,383 48
100,804 01
|1,502,579 47
282,278 73
other sources,
$1,220,300 74
59,513 39
39,790 87
7,112 03
3,258 35
|13,842 50
. $1,329,975 38
Expenditures.
Cash paid for fire losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
for expenses on real estate,
Deposits returned on perpetual fire risks,
$735,389 65
30,000 00
228,845 24
105,250 00
27,916 49
87,819 22
8,135 52
$12,626 20
Gross cash expenditures,
.,223,356 12
150
ARMENIA INSURANCE CO.
Risks and Premiums.
i
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Perpetual risks in force (not incl'd above),
$152,958,306 00
123,123,289 00
$276,081,595 00
122,021,435 00
$154,060,160 00
7,754,105 00
$146,306,055 00
$23,213,444 00
Premiums.
M ,928,295 34
1,511,766 97
^3,440,062 31
1,555,011 88
51,885,050 43
90,787 88
11,794,262 55
$616,881 42
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$31,290,933 00
18,674,605 00
661,808 00
2,728,935 00
30,000 00
24,400 00
" ARMENIA INSURANCE COMPANY OF PITTSBURG, PA.,"
PITTSBURG, PA.
[Incorporated March 26, 1872. Commenced business May 15, 1872.]
Paid-up Capital, $250,000.
J. G. WAINWRIGHT, President. W. D. McGTLL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
Westinghouse Machine Co. bonds, . . . $ 10,000 00
Birm'ham, Knox. & Allent'n Tract. Co. bonds, 15,000 00
10 shares Capital Stock Investors 1 Co., . . 1,000 00
100 " National Lead Stock, . . . 10,000 00
Market Value.
$10,000 00
13,500 0'
1,000 00
8,900 00
$36,000 00 $33,400 00
Securities held as collateral for cash loans : —
148 shares Consolidated Traction Co.,
Birm'ham, Knox. & Allent'n Tract. Co. bonds,
100 shares Ben Franklin Ins Co., .
100 " Bank of Secured Savings,
Chartiers Valley Gas Co. bonds,
100 shares Philadelphia & Reading R.R. Co., .
100 " Southern Railway Co., .
Birm'ham, Knox. & Allent'n Tract. Co. bonds,
Loaned on company's own stock, . $5,000 00
Market Value.
$6,216 00
6,300 00
6,000 00
5,000 00
9,000 00
1,250 00
2,700 00
1,800 00
Loaned Thereon.
$5,000 00
5,000 00
3,000 00
3,000 00
5,600 00
2,500 00
1,000 00
$38,266 00 $25,100 00
ARMENIA INSURANCE CO.
151
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (tirst liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Rents due and accrued, .
Gross assets,
31, 1896.
$46,797 17
242,580 31
4,641 8-4
33,400 00
25,100 00
2,543 39
7,063 58
370 00
25,046 19
685 00
,227 48
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$5,042 C7
7,971 57
1,666 66
95,188 76
5,009 24
114,878 30
$273,349 18
250,000 00
$23,349 18
Income.
Fire premiums outstanding Dec. 31, 1895, . $25,097 35
Premiums on risks written or renewed, . . 159,533 98
- Total $184,631 33
Premiums now in course of collection, . . 25,046 19
Entire premiums collected, .... $159,585 14
Less reinsurance and return premiums, . . 22,191 93
Net cash fire premiums received, . . .
Interest received on mortgages,
interest and dividends received from all other sources, .
Income from rents, .
Gross cash income,
$137,393 21
15,114 55
3,000 00
2,122 71
$157,630 47
* Value of lands mortgaged, ....... $401,80000
Value of buildings thereon, . 550,000 00
Amount of insurance held as collateral, .... 202,800 00
152
ASSURANCE LLOYDS OF AMERICA.
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$72,011 77
1,847 13
,164 64
5,000 00
37,247 96
5,600 00
3,007 06
9,150 32
$130,169 98
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
.$12,813,906 00 $ 164,726 74
. 14,175,761 00 159,533 98
Total
Deduct risks expired and terminated,
In force at end of year,
,989,667 00 $324,260 72
12,650,691 00 142,590 61
.$14,338,976 00 $181,670 11
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (2 per cent.), .
Company's stock owned by directors, ....
$1,492,777 00
761,572 00
68,326 00
342,500 00
5,000 00
102,800 00
" ASSURANCE LLOYDS OF AMERICA," NEW YORK, N. Y.
[Incorporated Feb. 15, 1892. Commenced business Dec. 20, 1893.]
R. C. RATHBONE 8s SON, Managers.
Summary of Assets Dec. 31, 1896.
United States bonds, $570,000 00
Cash deposited in bank, 57,625 91
Interest due and accrued, ..... 4,168 67
Premiums in course of collection (gross), . 69,707 17
Gross assets,
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Liabilities.
$4,664 65
27,217 05
$31,881 70
833 33
$701,499 75
31,048 37
ASSURANCE LLOYDS OF AMERICA.
153
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Guarantee fund,
Gross liabilities, except capital,
Surplus as regards policy holders, .
$141,844 00
8,139 72
23,044 11
60,000 00
$264,076 20
$437,423 55
Income.
Fire premiums outstanding Dec. 31, 1895, . . $58,616 26
Premiums on risks written or renewed, . . 439,181 08
Total, $497,797 34
Premiums now in course of collection, . . 69,707 17
Entire premiums collected, .... $428,090 17
Less reinsurance and return premiums, . . 141,827 19
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
$286,262 98
24,355 98
Gross cash income, $310,618 96
Expenditures.
Cash paid for fire losses, . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
for retiring subscribers, .
Gross cash expenditures, ....
$136,558 10
15,633 42
$120,924 68
31,000 00
89,642 59
4,450 00
3,405 87
2,234 92
43,525 31
$295,183 37
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
),308,520 00 $287,614 92
. 56,060,888 00 439,181 08
$85,369,408 00 $726,796 00
54,329,368 00 434,618 74
$31,040,040 00 $292,177 26
902,426 00 8,489 25
Net amount in force,
. $30,137,614 00 $283,688 01
154
ATLANTIC MUTUAL INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year, ....
$922,352 00
283,481 00
151,973 00
59,234 00
31,000 00
"ATLANTIC MUTUAL INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated April 11, 1842. Commenced business July 1, 1842.]
W. H. H. MOORE, President. JOSEPH H. CHAPMAN, Secretary.
Detailed Statement of Stocks and Bonds.
Tar Value. Market Value.*
American Exchange Bank stock, . . . $90,000 00 f 90,000 00
Bank of America stock 50,000 00 50,000 00
Bank of Commerce stock, .... 64,100 00 64,100 00
Bank of New York stock, .... 94,200 00 94,200 00
Leather Manufacturers' Bank stock, . . . 25,600 00 25,600 00
Merchants' Bank stock, 70,150 00 70,150 00
Mechanics' Bank stock, 47,675 00 47,675 00
Manhattan Company stock, . . . . 18,000 00 18,000 00
Market & Fulton Bank stock, .... 30,000 00 30,000 00
Phenix Bank stock, ...... 71,34000 7 i, 340 00
Atlantic Trust Co. stock, . . . . . 127,500 00 127,500 00
Consolidated Gas Company stock, . . . 50,000 00 50,000 00
New York City stock, 191,600 00 173,740 00
Long Island Railroad Company stock, . . 50,000 00 25,000 00
N. Y. Central & Hudson River R.R. stock, . 660,000 00 528,000 00
N. Y. Central & Hudson River R R. bonds, . 139,000 00 111,200 00
New York, Chicago & St. Louis R.R. bonds, . 200,000 00 150,000 00
West Shore Railroad bonds, . . . . 200,000 00 150,000 00
Brooklyn & Montauk Railroad bonds, . . 75,000 00 60,000 00
Brooklyn City Park bonds, .... 122,000 00 109,800 00
Jersey City water bonds, .... 100,000 00 100,000 00
District of Columbia bonds, . ...... . 400,00000 280,00000
United States bonds, 5,150,000 00 4,800,000 00
Securities held as collateral for cash loans :
Fourth National Bank stock, .
Consolidated Gas Co. of New York stock,
$,026,165 00 $7,226,305 00
Market Value. Loaned Thereon.
$11,000 00
22,500 00
$22,000 00
* Estimated for the purpose of permanent investment.
ATLANTIC MUTUAL INSUKANCE CO.
155
Chicago & Northwestern Railway stock,
Chicago, Milwaukee & St. Paul Railway stock,
Delaware, Lackawanna & Western R.R. stock,
Illinois Central R.R. stock,
Phenix National Bank stock, .
Bank of New York stock,
Mahoning Coal R.R. Co. stock,
American Sugar Refining Co. stock,
U. S. Leather Co. stock, ....
Mahoning Coal R.R. Co. bonds,
Long Island City and Flushing R.R. Co. bonds
Gold and Stock Telegraph Co. bonds,
Great Northern R.R. stock,
Wagner Palace Car Co. stock, .
Lake Erie & Western R.R. stock,
Iowa Central R R. bonds, ....
Missouri Pacific bonds, ....
Col., Hocking Valley & Toledo Railway bonds,
Market Value. Loaned Thereon.
$16,000 00 ^
7,500 00 *
15,500 00
4,500 00 j
10,500 00
2,400 00^1
10,000 00
3,300 00
1,500 00 }
3,450 00
2,300 00
500 00 J
60,000 00^
28,500 00 I
19,500 00
5,000 00
4,500 00
1,700 00 J
j> |35,000 00
8,000 00
15,000 00
} 100,000 00
$230,150 00 $180,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,*
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank and with Eng. bankers
Notes taken for marine and inland risks,
Gross assets,
31, 1896.
$760,000 00
7,226,305 00
180,000 00
2,302,851 22
843,596 96
—$11,312,753 18
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
Return premiums, ....
Incidentals
Gross liabilities, except scrip, .
Surplus as regards policy holders, .
Scrip outstanding, not ordered to be redeemed,
Surplus over scrip, . ...
$76,579 90
1,027,918 10
86,800 00
1,047,955 31
199,026 48
48,402 97
145,557 04
19,332 63
2,651,572 43
$8,661,180 75
7,261,160 00
$1,400,020 75
* Estimated for the purpose of permanent investment.
156
BUFFALO GERMAN INSURANCE CO.
Income.
Cash marine premiums received,
Interest and dividends received from all sources,
Income from rents,
Income from all other sources, . .
Gross cash income, .....
!,335,088 50
473,944 54
43,225 00
1,210 00
1,853,468 04
Expenditures
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance, . .
Net cash paid for marine and inland losses, .
Cash paid for redemption of scrip, .
Interest paid scrip holders, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
Gross cash expenditures, ....
$1,249,999 01
97,707 07
,152,291 94
762,370 00
426,637 80
19,331 56
403,259 95
40,161 74
1,804,052 99
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Risks and Premiums.
Premiums.
$107,633,910 00 $1,109,275 00
369,754,507 00 2,596,788 89
Total, .....
Deduct risks expired and terminated,
In force at end of year, .
$477,388,417 00 $3,706,063 89
369.513,749 00 2,658,108 58
$107,874,668 00 $1,047,955 31
Miscellaneous.
Marine and inland losses incurred during the year (estimated), $924,351 00
" BUFFALO GERMAN INSURANCE COMPANY," BUFFALO, N. Y.
[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.]
Paid-up Capital, $200,000.
PHILIP BECKER, President. OLIVER J. EOGrERT, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
Buffalo city bonds, . . . . . . $564,500 00
State of New York stock, . . . . 25,000 00
Buffalo & Southwestern Railroad bonds, . 36,250 00
Tonawanda Gas Company bonds, . . . 33,000 00
Third National Bank, Buffalo, stock, . . 45,000 00
Buffalo, N. Y., city warrants, .... 18,428 52
Market Value.
$564,500 00
25,000 00
36,250 00
33,000 00
49,500 00
18,428 52
$722,178 52 $726,678 52
BUFFALO GERMAN INSURANCE CO.
157
Securities held as collateral for cash loans : —
Market Value.
German Bank, Buffalo, N. Y., stock, . . $24,000 00
Milsom Rendering Co., Buffalo, N. Y., stock, . 5,000 00
Citizens Gas Co , Buffalo, N. Y., bonds, . . 40,000 00
Citizens Gas Co., Buffalo, N. Y., stock, . . 40,187 50
Buffalo Street R.R. Co. bonds 5,000 00
Exchange Elevator Co., Buffalo, N.Y., stock, . 1,000 00
German Bank, Buffalo, N. Y., stock, . . 8,000 00
Buffalo Loan, Trust and Safe Dep. Co. stock, . 6,000 00
Union Bank, Buffalo, N. Y., stock, . . . 4,400 00
Co-operative Brewing Co , Buffalo, stock, . 4,500 00
Co-operative Stove Co., Buffalo, stock, . . 8,700 00
Co-operative Brewing Co., Buffalo, stock, . 3,000 00
German American Bank, Buffalo, stock, . . 2,200 00
Union Bank, Buftalo, stock, .... 1,000 00
Buffalo Southwest R.R. Co. bonds, . . . 5,775 00
Thomson-Houston Elec. Light & Power Co. b'ds, 3,000 00
Buffalo General Electric Co., bonds, . . 1,000 00
Crystal Water Co., Buffalo, stock, . . . 3,000 00
General Production Co., Pittsburg, Pa., stock, 1,250 00
International Brewing Co., Buffalo, stock, . 2,090 00
Magnus Beck Brewing Co., Buffalo, stock, . 495 00
Fidelity Trust and Guaranty Co., Buffalo, stock, 6,000 00
German Bank, Buffalo, stock, .... 12,000 00
German Bank, Buffalo, stock, .... 12,000 00
Union Fire Insurance Co., Buffalo, N. Y., stock, 1,200 00
Citizens' Gas Co., Buffalo, bonds and stock, . 10,500 00
Loaned Thereon.
i $ 10,000 00
I 52,000 00
4,000 00
700 00
> 20,000 00
2,000 00
2,700 00
8,000 00
2,000 00
2,000 00
4,500 00
12,900 00
$211,297 50 $120,800 00
Summary of Assets Dec. 31, 1896
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest clue or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross);
Notes taken for marine and inland risks,
Rents due,
Gross assets, f
$310,068 19
536,395 00
3,477 15
726,678 52
120,800 00
3,549 94
116,632 82
3,896 67
44,193 50
2,980 28
1,608 76
.,870,280 83
* Value of lands mortgaged, $789,190 00
Value of buildings thereon, ....... 635,135 00
Amount of insurance held as collateral, .... 390,125 00
t Including $200,000 special reserve fund held under New York law.
158
BUFFALO GERMAN INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, . ...
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$5,109 17
13,468 75
1,000 00
340,455 10
8,597 97
$368,630 99
. $1,501,649 84
200,000 00
. $1,301,649 81
Income
Fire premiums outstanding Dec. 31, 1895
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from brokerage, .
Gross cash income,
$44,962 37
247 02
t,715 35
465,841 85
$510,557 20
44,193 50
$466,363 70
71,128 4t
sources,
$395,235 29
30,753 73
28,560 42
20,026 55
2,095 52
$476,671 51
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . .
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$164,060 82
1,792 49
$162,268 33
60,000 00
83,405 93
28,903 80
9,400 20
31,941 45
Gross cash expenditures,
$375,919 71
THE CAPITAL FIRE INSURANCE CO.
159
Fire risks outstanding- Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
.$65,211,306 00 $713,842 91
. 41,217,234 00 465,841 85
Total, . . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$106,428,540 00 $1,179,684 76
. 42,739,048 00 488,079 07
.$63,689,492 00 $691,605 69
. 1,317,490 00 12,188 10
,372,002 00 $679,417 59
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (30 per cent.),
Company's stock owned by directors, . . . .
58,595,555 00
4,383,680 00
158,452 00
935,925 00
60,000 00
58,300 00
"THE CAPITAL FIRE INSURANCE COMPANY OF CONCORD, N. H.,"
CONCORD, N. H.
[Incorporated March 10, 1886. Commenced business March 19, 1886.J
Paid-up Capital, $200,000.
LYMAN JACKMAN, President. CHARLES L. JACKMAN", Secretary.
Detailed Statement of Stocks and Bonds.
Par Value, Market Value.
City of Portsmouth, N. II., bonds, . . . $40,000 00 $42,400 00
City of Dover, N. II , bonds, .... 26,000 00 27,560 00
City of Concord, N. H., bonds,. . . . 25,000 00 26,500 00
New Hampshire Trust Co. bonds, . . . 8,100 00 6,480 00
Iowa Loan and Trust Co. bonds, . . . 5,000 00 5,000 00
Muscatine Mortgage and Trust Co. bonds, . 4,250 00 4,250 00
City Water Co., Merrill, Wis., bonds, . ." 5,000 00 5,000 00
Clinton, Iowa, water works bonds, . . . 5,000 00 5,000 00
Windsor Land and In. Co , Denver, Col , bonds, 5,000 00 5,000 00
Spokane & Palouse R R Co. bonds, . . 5,000 00 5,000 00
Central Loan and Debenture Co. bonds, . . 4,000 00 4,000 00
Winfield Water Co. bonds, .... 3,000 00 2,400 00
Johnson L. and T. Co., Ark. City, Kan., bonds, 1,905 00 1,524 00
Grand Forks, Dak., Gas and Electric Co. bonds, 2,500 00 2,500 00.
Davidson Invest. Co., Wichita, Kan., bonds, . 2,000 00 500 00
Wichita, Kan., Water Co. bonds, . . . 2*,000 00 2,000 00
Metropolitan West End R.R. Co. bonds, . . 2,000 00 2,000 00
160
THE CAPITAL FIRE INSURANCE CO.
Nebraska Loan and Trust Co. bonds,
Kingman, Kansas, Water Co. bonds,
60 shares C. & M. R.R., .
25 " Page Belting Co , Concord, N. H.,
25 " Prescott Piano Co., Concord, N. H.,
1 " Amoskeag Manufacturing Co.,
2 " Nashua Manufacturing Co.,
2 " West Side Construction Co.,
Town of Montrose, Col., bonds,
Denver Consolidated Electric Co. bonds,
20 shares Pullman Palace Car Co., .
Par Value.
$1,000 00
1,000 00
6,000 00
2,500 00
2,500 00
1,000 00
1,000 00
200 00
800 00
1,000 00
2,000 00
Market Value.
$1,000 00
1,000 00
10,320 00
1,875 00
2,500 00
1,600 00
1,070 00
200 00
800 00
1,000 00
3,200 00
$164,755 00 $171,679 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued,
Premiums in course of collection (gross)
Rents due and accrued,
Reinsurance,
Gross assets, ....
,387 03
79,820 00
1,037 71
171,679 00
2,600 90
12,849 38
1,078 34
40,377 57
580 66
834 25
1,244 84
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc ,
Due for borrowed money,
Commissions and brokerage, .
Return premiums, reinsurance, etc.,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .
$5,250 17
4,203 64
2,075 00
137,839 78
2,505 95
13,000 00
8,446 27
7,362 93
180,683 74
$230,561 10
200,000 00
Surplus over capital,
,561 10
* Value of lands mortgaged, . . .
Value of buildings thereon, . . .
Amount of insurance held as collateral,
$86,025 00
99,075 00
65,000 00
THE CAPITAL FIRE INSURANCE CO.
1(5 L
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash tire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Profit on sale of investments, .
$51,217 35
5,931 67
$45,285 68
282,922 64
$328,208 32
40,377 57
$287,830 75
107,987 64
sources,
5179,843 11
2,911 18
6,396 33
5,541 75
612 50
Gross cash income, $195,304 87
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
for expenses on real estate,
Gross cash expenditures, ....
$133,068 66
18,914 59
$114,154 07
8,000 00
41,960 79
7,329 65
4,961 19
5,064 38
2,112 42
$183,582 50
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31,1895, . .$22,690,695 00 $305,650 81
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
. 19,590,921 00 282,922 64
,281,616 00 $588,573 45
21,943,480 00 305,166 08
,338,136 00 $283,407 37
1,265,087 00 18,012 99
Net amount in force,
.$19,073,049 00 $265,394 38
162
citizens' INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (4 per cent.), .
Company's stock owned by directors, ....
,836,078 00
614,045 00
$89,998 00
69,614 00
8,000 00
56,400 00
"CITIZENS' INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April, 1836. Commenced business April, 1837.]
Paid-up Capital, $300,000.
EDWARD A. WALTON, President. FRANK M. PARKER, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, ....
National Bank of Commerce stock, .
National Citizens 1 Bank stock, .
National Bank of the Republic stock,
Consolidated Gas Company stock, .
Union Trust Company stock, .
Oregon Short Line & Utah No. R.R. bonds,
Lake Shore & Michigan Southern R.R. bonds
New York, Chicago & St. Louis R.R. bonds,
Cleveland, Cin., Chic. & St. Louis R.R. stock,
Union Pacific Railroad stock, .
Par Value.
150,000 00
10,000 00
30,000 00
5,000 00
20,000 00
10,000 00
2,000 00
50,000 00
10,000 00
30,000 00
20,000 00
Market Value.
$166,125 00
20,300 00
40,500 00
7,500 00
28,500 00
82,500 00
1,300 00
57,500 00
10,450 00
13,800 00
1,900 00
Securities held as collateral for cash, loans
Butchers 1 & Drovers 1 National Bank stock,
Bleecker St. & Fulton Ferry R.R. Co., .
National Citizens 1 Bank stock, .
$337,000 00 $430,375 00
Market Value. Loaned Thereon.
$1,365 00 $900 00
4,800 00 3,500 00
1,687 50 1,000 00
$7,852 50
i,400 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, « $100,000 00
Loans on mortgage of real estate (first liens *), 21,300 00
Interest due or accrued thereon, . . . 106 50
* Value of lands mortgaged, . . .
Value of buildings thei'eon, .
Amount of insurance held as collateral,
$25,000 00
36,500 00
26,200 00
CITIZENS INSURANCE CO.
163
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Prem's more than three mos. due, $1,666 64
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Due and accrued for rent, salaries, etc., .
Due for borrowed money,
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders, ,
Paid-up capital,
Surplus over capital, ....
$430,375 00
5,400 00
6,979 50
47,790 92
6,219 46
117,140 43
1,956 67
5,090 03
,722 43
12,840 00
4,536 60
$28,099 03
550 46
$27,548 57
277,079 49
685 50
900 00
20,000 00
13,124 58
1,010 40
$742,358 51
340,348 54
$402,009 97
300,000 00
$102,009 97
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, .... $619,528 35
Less reinsurance and return premiums, . . 86,432 92
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Gross cash income,
$120,485 69
2,307 48
$118,178 21
620,157 21
$738,335 42
118,807 07
$533,095 43
1,342 50
15,862 16
4,454 11
$554,754 20
164
CITIZENS INSURANCE CO.
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for redemption of scrip,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$331,409 21
9,598 33
$321,810 88
22,795 15
27,891 50
112,835 23
47,174 81
8,486 09
39,879 77
$580,873 43
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$76,350,376 00
73,395,251 00
Premiums.
$612,863 16
620,157 21
$149,745,627 00 $1,233,020 37
78,331,873 00 645,025 93
$71,413,754 00 $587,994 44
5,661,615 00 37,617 30
$65,752,139 00 $550,377 14
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year, ....
$15,405,985 00
. 8,270,068 00
298,360 00
. 1,996,779 00
22,317 00
"CITIZENS 1 INSURANCE COMPANY OF MISSOURI,"
ST. LOUIS, MO.
[Incorporated February, 1837. Commenced business 1837.]
Paid-up Capital, $200,000.
J. B. M. KEHLOR, President. SOL. E. WAGGONER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
St. Louis United Elevator Co. bonds, . . $84,000 00 $75,600 00
Henry County, Mo., bonds, . . . . 71,000 00 72,340 00
Greene County, Mo., bonds, .... 13,000 00 13,260 00
CITIZENS INSUEANCE CO.
165
Venice Elevator Company bonds,
City of Waco, Texas, bonds,
Dade County, Mo., bonds,
Lime Co., Mo., school bonds,
People's Railway Co. bonds,
Jackson County, Mo., bonds,
Schuyler County, Mo., bonds,
Andrew County, Mo , bonds,
St. Louis & Council Bluffs R.R. bonds,
Jacksonville, 111., city bonds,
Cass Ave & Fair Ground Railway bonds
American Exchange Bank stock,
Phillips County, Ark., bonds, .
City of Marshall, 111., bonds, .
Par Value.
$32,000 00
36,000 00
15,000 00
7,000 00
5,000 00
14,000 00
10,000 00
4,000 00
6,000 00
19,500 00
25,000 00
21,000 00
10,000 00
3,200 00
Market Value.
$28,800 00
37,080 00
15,150 00
7,000 00
5,000 00
15,400 00
10,100 00
4,080 00
6,360 00
19,500 00
24,875 00
34,400 00
10,200 00
3,200 00
$375,700 00 $382,345 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Tax certificates,
Gross assets,
31, 1896.
$1,000 00
229,850 00
7,827 50
382,345 00
1,644 81
33,854 99
7,289 75
37,746 10
4,346 50
|705,904 65
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$2,609 86
15,594 10
275 00
193,259 67
12 00
7,531 72
196 99
219,479 34
$486,425 31
200,000 00
$286,425 31
* Value of lands mortgaged, . .
Value of buildings thereon,
Amount of insurance held as collateral,
$338,900 00
266,800 00
231,100 00
166
citizens' INSURANCE CO.
Income.
Fire premiums outstanding Dec. 81, 1895, . $35,266 53
Premiums on risks written or renewed, . . 312,554 54
Total, . $347,821 07
Premiums now in course of collection, . . 37,658 61
Net cash fire premiums received, . . . $310,162 46
Marine premiums outstanding Dec. 31, 1895, . $44 68
Premiums on risks written or renewed, . . 1,163 50
Total, $ 1,208 18
Premiums now in course of collection, . 87 49
Net cash marine premiums received, . . 1,120 69
Interest received on mortgages, 12,358 30
Interest and dividends received from all other sources, . . 13,912 25
Gross cash income, $337,553 70
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance, .
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$134,373 99
1,213 90
$133,160 09
752 91
11,988 00
68,053 33
15,475 84
8,391 08
19,198 79
$257,020 04
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896, ,
Total, . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1896, .
Deduct risks expired and terminated,
,968,172 00
23,841,543 00
f 44,809,7 15 00
15,218,024 00
$29,591,691 00
1,070,719 00
$28,520,972 00
$236,246 00
$236,246 00
Premiums.
$267,489 66
312,554 54
$580,044 20
211,636 20
$368,408 00
10,804 00
$357,604 00
$1,163 50
$1,163 50
THE COLONIAL ASSURANCE CO.
167
Miscellaneous.
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
1,461,132 00
133,372 00
753 00
809,798 00
12,000 00
179,200 00
"THE COLONIAL ASSURANCE COMPANY OF THE CITY OF
NEW YORK," NEW YORK, N. Y.
[Incorporated June 16, 1896. Commenced business July 15, 1896.]
Paid-up Capital, $200,000.
LEO H. WISE, President. E. E. HALL, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, .
New York city stock,
New York State bonds,
Brooklyn city bonds,'
Par Value.
$100,000 00
100,000 00
100,000 00
25,000 00
Market Value.
$120,000 00
104,000 00
100,625 00
26,015 62
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Salvage due,
Gross assets, . . . .
Deduct special deposits in other States, .
|325,000 00 $350,640 62
31, 1896.
$350,640 62
44,721 23
2,108 50
56,472 00
500 00
$454,442 35
12,000 00
Balance, $442,442 35
Liabilities.
Losses adjusted, unpaid, $4,828 27
Losses claimed and reported, .... 7,768 50
Unearned premiums on outstanding risks, . 89,684 15
Commissions and brokerage, . . . 13,194 41
168
THE COLONIAL ASSURANCE CO.
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
),109 70
796 10
5,381 13
412 62
$124,968 51
$317,473 84
200,000 00
$117,473 84
Income.
Premiums on risks written or renewed, .
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from all other sources,
Gross cash income,
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for legal expenses, etc., .
Gross cash expenditures, ....
|220,573 73
56,472 00
$164,101 73
25,995 03
!38,106 70
2,092 40
1,353 83
•
•
$141,552
93
$19,675 5Q
987
58
$18,687
08
.
.
34,526
67
, .
.
960 00
. .
.
292
76
•
•
1,558 05
$56,025 46
Fire risks written during 1896,
Deduct risks expired and terminated,
In force at end of year, . . .
Deduct amount reinsured,
Net amount in force, .
Risks and Premiums.
Premiums.
. $21,279,094 00 $220,573 73
. 2,514,659 00 35,653 58
.$18,764,435 00 $184,920 15
636,581 00 5,599 85
. $18,127,854 00 $179,320 30
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$138,107 00
18,688 00
31,295 00
78,300 00
COMMERCE INSURANCE CO.
169
"COMMERCE INSURANCE COMPANY," ALBANY, N. Y.
[Incorporated June 1, 1859. Commenced business June 1, 1859.]
Paid-up Capital, $200,000.
GARRET A. VAN" ALLEN", President. E. DARWIN" JENISON, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, . . . . '
130 shares N'l Commercial B'k, Albany, N. Y.
150
72
50
50
25
300
5
First National Bank, Albany, N. Y.
Nat'l Exchange B'k, Albany, N. Y.
National Bank, Cohoes, N. Y.,
South End Bank, Albany, N. Y.,
Holland Trust Co., New York,
Rensselaer & Saratoga Railroad,
Underwriters' Salvage Co., N. Y.,
Thomson Pulp and Paper Company bonds,
Par Value.
$ 50,000 00
13,000 00
15,000 00
7,200 00
5,000 00
5,000 00
2,500 00
30,000 00
500 00
10,000 00
Market Value.
$60,000 00
45,500 00
24,000 00
6,480 00
7,000 00
3,750 00
2,000 00
54,000 00
500 00
10,000 00
$138,200 00 $213,230 00
Securities held as collateral for cash loans : -
35 shares National Bank of Cohoes, N. Y.,
10 " First National Bank, Albany, N. Y.,
5 " JEtna Ins. Co., Hartford, Conn.,
Market Value. Loaned Thereon.
$4,900 00 $1,500 00
1,600 00 1,000 00
1,250 00 350 00
$7,750 00
1,850 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $75,000 00
Loans on mortgage of real estate (first liens*), 79,600 00
Interest due or accrued thereon, . . . 450 34
Stocks and bonds, as per schedule, . . . 213,230 00
Loans on collateral security, as per schedule, . 2,850 00
Cash deposited in bank, 14,171 13
Interest due and accrued, 793 33
Premiums in course of collection (gross), . 8,126 59
Rents due, . 929 99
Gross assets,
$395,151 38
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$72,500 00
122,900 00
86,250 00
170
COMMEKCE INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, . . . . $10,460 00
Unearned premiums on outstanding risks, . 95,452 38
Reinsurance disallowed, 3,480 95
Incidentals, 2,016 92
Gross liabilities, except capital, . .
Surplus as regards policy holders,
Scrip outstanding, not ordered to be redeemed,
$111,410 25
$283,741 13
200,000 00
Surplus over capital, $83,741 13
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, . . .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, ....
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage, .
for salaries of officers and employ
for State and local taxes,
for incidentals,
Gross cash expenditures, . . c
$9,266 70
161,768 49
fl7 1,035 19
8,126 59
^162,908 60
21,226 58
sources,
$63,845 84
613 72
ees,
$141,682 02
2,621 89
10,002 91
5,910 81
$160,217 63
$63,232 12
16,000 00
29,896 62
11,847 17
8,075 12
9,396 21
$138,447 24
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1895, . .$17,912,709 00 $195,524 78
Fire risks written during 1896, . . . 14,175,246 00 161,768 49
Total,. . ' .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, . .
,087,955 00 $357,293 27
13,963,935 00 161,256 62
$18,124,020 00 $196,036 65
764,892 00 7,396 56
$17,359,128 00 $188,640 09
THE COMMERCIAL UNION FIRE INSURANCE CO.
171
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
15,349,636 00
3,452,194 00
62,567 00
856,000 00
16,000 00
58,750 00
"THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF
NEW YORK," N. Y.
[Incorporated Oct. 30, 1890. Commenced business April 1, 1891.]
Paid-up Capital, $200,000.
CHARLES SEWALL, President. A. H. WHAT, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $20,000 00
New York City armory bonds, . . . 200,000 00
New York City water loan, .... 13,000 00
Market Value.
$23,975 00
200,000 00
13,747 50
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Gross assets,
$233,000 00 $237,722 50
31, 1896.
$237,722 50
6 69
2,845 38
1,300 70
9,821 43
$251,696 70
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding
Commissions and brokerage, .
Return premiums,
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital,
risks
$116 90
6,550 00
$6,666 90
3,750 00
$2,916 90
22,179 35
1,178 53
105 66
1,584 94
27,965 38
$223,731 02
200,000 00
$23,731 02
172
THE COMMERCIAL UNION FIRE INSURANCE CO.
$79,239
9,821
80
43
$69,418
25,419
37
80
Income.
Fire premiums outstanding Dec. 31, 1896, . $5,217 04
Premiums on risks written or renewed, . . 74,022 76
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, ....
Interest and dividends received from all sources, .
Gross cash income,
Expenditures.
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, .....
Gross cash expenditures, ....
$43,998 57
6,432
60
$50,431
17
$5,970 02
6,000
00
7,201
88
1,106
65
1,443
32
511
60
$22,233 47
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Premiums.
M ,855,134 00 $17,176 04
7,232,265 00 74,022 76
^9,087,399 00 $91,198 80
3,484,921 00 30,777 92
i,602,478 00 $60,420 88
995,793 00 16,109 40
1,606,685 00 $44,311 48
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (3 per cent.), .
Company's stock owned by directors, ....
$149,191 00
87,232 00
8,874 00
15,000 00
6,000 00
7,500 00
THE COMMONWEALTH INSURANCE CO.
173
"THE COMMONWEALTH INSURANCE COMPANY OF
NEW YORK," N. Y.
[Incorporated Aug. 23, 1886. Commenced business Sept. 15, 1886.]
Paid-up Capital, $500,000.
CHARLES S. BARTOW, President. E. J. PERRIN", Secretary pro tern.
Detailed Statement of Stocks
United States bonds,
New York city stock, . . .
Missouri, Kansas & Texas R'y bonds,
American Cotton Oil Co. bonds,
200 shares American Telegraph & Cable Co
125
1,000
200
100
100
100
400
100
200
117
200
200
200
100
100
50
100
100
220
50
25
13
50
50
50
200
50
17
50
American Surety Co., .
Brooklyn City R.R. Co., • .
Central R.R. Co. of New Jersey,
Chicago & Alton R R. Co., .
C, C, C. & St. Louis R.R , .
Chic, Mil. & St. Paul R'y, .
Chicago & Northwestern R'y,
Chic , St. Paul, Minn. & OnTha R'y
Delaware & Hudson Canal Co.,
Edison Electric 111. Co., Brooklyn
Edison Electric 111. Co., New York
Illinois Central Railroad Co.,
Manhattan Railway Co.,
Lake Shore & Mich. South'n R.R.
Lake Erie & Western R.R., .
N. Y., New Haven & Hart. R.R.,
Rome, Watert'n & Ogd'b'gh R.R.
Toledo & Ohio Central Railway,
Western Union Telegraph Co.,
Merchants' National Bank, N Y.
National B'k of Commerce, N. Y.
Bank of America, New York,
Central National B'k, New York,
German Americ'n B'k, New York
New York Produce Exchange B'k
N. Y. Cent. & Hudson River R.R.
Corn Exchange Bank, .
Manhattan Company Bank, .
National Park Bank of New York
and Bonds.
Par Value.
170,000 00
125,000 00
10,000 00
5,000 00
20,000 00
6,250 00
10,000 00
20,000 00
10,000 00
10,000 00
10,000 00
40,000 00
10,000 00
20,000 00
11,700 00
20,000 00
20,000 00
20,000 00
10,000 00
10,000 00
5,000 00
10,000 00
10,000 00
22,000 00
2,500 00
2,500 00
1,300 00
5,000 00
3,750 00
5,000 00
20,000 00
5,000 00
850 00
5,000 00
Market Value.
$76,525 00
125,000 00
8,175 00
5,375 00
17,900 00
11,875 00
17,450 00
20,100 00
16,200 00
7,400 00
13,100 00
50,800 00
13,300 00
23,200 00
11,700 00
20,175 00
18,500 00
17,925 00
15,125 00
6,850 00
8,875 00
11,775 00
6,250 00
18,315 00
3,400 00
5,062 50
4,160 00
6,500 00
4,200 00
6,000 00
18,650 00
14,750 00
1,806 25
13,125 00
$555,850 00 $619,543 75
174
THE COMMONWEALTH INSUEANCE CO.
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets, . ...
$147,500 00
1,615 42
619,543 75
1,622 34
36,364 68
5,988 58
28,940 58
$841,575 35
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$10,082 87
102,446 75
1,200 00,
2,560 28
1,669 50
461 26
118,420 66
$723,154 69
500,000 00
$223,154 69
Income.
Fire premiums outstanding Dec. 31, 1895, . $25,683 87
Premiums on risks written or renewed, . . 226,511 21
Total, $252,195 08
Premiums now in course of collection, . . 28,940 58
Entire premiums collected, .... $223,254 50
Less reinsurance and return premiums, . . 34,393 88
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
$188,860 62
6,907 83
27,233 32
Gross cash income, ' . $223,001 77
Expenditures.
Cash paid for fire losses, . . . . . $74,073 28
Deduct salvage arid reinsurance, . . . 4,072 86
Net cash paid for fire losses, .... $70,000 42
Cash dividends paid, 30,000 00
Cash paid for commissions and brokerage, .... 19,296 04
* Value of lands mortgaged $112,500 00
Value of buildings thereon 129,500 00
Amount of insurance held as collateral, 124,000 00
THE CONCORDIA FIRE INSURANCE CO.
175
Cash paid for salaries of officers and employees, .
for State and local taxes,
for all other payments, ....
Gross cash expenditures,
Risks and Premiums.
$25,074 00
5,894 79
12,844 33
1163,109 58
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
Premiums.
.$19,465,012 00 $196,660 45
. 25,274,314 00 226,511 21
.$44,739,326 00 $423,171 66
. 23,776,699 00 220,573 03
,962,627 00 $202,598 63
342,740 00 2,811 55
.$20,619,887 00 $199,787 08
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent ), .
Company's stock owned by directors, ....
12,003,015 00
1,144,471 00
60,419 00
156,000 00
30,000 00
138,000 00
"THE CONCORDIA FIRE INSURANCE COMPANY OF
MILWAUKEE," MILWAUKEE, WIS.
[Incorporated March 7, 1870. Commenced business March 22, 1870.]
Paid-up Capital, $200,000.
J. H. INBUSCH, President. GUSTAV WOLLAEGER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$25,000 00
40,000 00
Chicago, 111., sewerage bonds, .
Cincinnati sinking fund bonds,
Washington Co., 111., bonds,
Lincoln, Neb., school bonds,
State of Montana bonds, .
15,000 00
25,000 00
40,000 00
Market Value.
$25,500 00
42,400 00
15,450 00
25,750 00
42,000 00
$145,000 00 |151,100 00
Summary op Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *), $506,605 00
Interest due or accrued thereon, . . . 6,208 86
Stocks and bonds, as per schedule, . . . 151,100 00
* Value of lands mortgaged $768,550 00
Value of buildings thereon 700,150 00
Amount of insurance held as collateral, .... 366,450 00
176
THE CONCORDIA FIRE INSURANCE CO.
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$1,558 20
59,376 56
2,662 50
75,956 53
,467 65
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$12,331 33
9,660 25
9,854 96
$31,846 54
4,624 92
$27,221 62
399,693 59
15,950 85
442,866 06
$360,601 59
200,000 00
f 160,601 59
Income.
Fire premiums outstanding Dec. 31, 1895, . $58,123 79
Premiums on risks written or renewed, . . 569,815 13
Total, $627,938 92
Premiums now in course of collection, . . 75,956 53
Entire premiums collected, .... $551,982 39
Less reinsurance and return premiums, . . 125,738 96
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
$426,243 43
30,131 12
6,286 85
Gross cash income, $462,661 40
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for all other payments, .
Gross cash expenditures, ....
$252,084 94
22,477 26
$229,607 68
18,000 00
100,159 20
28,620 00
11,108 69
44,125 59
$431,621 16
CONNECTICUT FIRE INSURANCE CO.
177
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
. $66,977,479 00 $839,952 89
. 48,411,999 00 569,815 13
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$115,389,478 00 $1,409,768 02
. 42,809,040 00 552,494 59
. $72,580,438 00 $857,273 43
. 6,248,379 00 84,409 47
,332,059 00 $772,863 96
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (9 per cent.), .
Company's stock owned by directors,
$5,273,058 00
2,905,646 00
224,516 00
229,667 00
18,000 00
147,700 00
"CONNECTICUT FIRE INSURANCE COMPANY," HARTFORD,
CONN.
[Incorporated June, 1850. Commenced business July, 1850.]
Paid-up Capital, $1,000,000.
J. D. BROWNE, President. CHARLES R. BURT, Secretary.
Detailed Statement of
Dominion of Canada,
State of Georgia,
State of South Dakota,
Territory of Arizona,
City of Astoria, Ore ,
City of Dallas, Texas,
City of Duluth, Minn.,
City of Fargo, N. D.,
City of Helena, Montana,
City of Middletown, Conn.,
City of New Britain, Conn.,
City of Pawtucket, R. I.,
City of Portland, Oregon,
City of Richmond, Va.,
City of Salem, Oregon,
City of Salt Lake, Utah,
City of Seattle, Washington,
City of Urbana, Ohio,
Stocks and Bonds.
Par Value.
$100,000 00
25,000 00
40,000 00
25,000 00
12,000 00
12,000 00
20,060 00
14,000 00
17,000 00
10,000 00
10,000 00
30,000 00
25,000 00
50,000 00
11,000 00
50,000 00
25,000 00
15,000 00
Market Value.
$104,000 00
28,750 00
40,920 00
26,000 00
12,600 00
12,000 00
20,360 00
15,300 00
17,340 00
10,500 00
10,200 00
30,525 00
27,500 00
50,000 00
11,880 00
51,500 00
25,000 00
15,000 00
178
CONNECTICUT FIRE INSURANCE CO.
Hennepin County and Minneapolis City, .
Wayne County, Mich., ....
Mankato School District, Minn,,
School Dist. No. 2, Arapahoe County, Col.,
School Dist. No. 11, El Paso County, Col.,
School Dist. No. 24, Marion County, Ore.,
South School District Notes, Hartford, Conn
Black Rocks & Salisbury Beach St. R.R.,
Broadway & Seventh Avenue R.R. Co.,
C, B. &Q. R.R Co.,
Cleve., Cin., Chic. & St. L. R.R.,
Cleve. Electric Railway Co.,
Cin., D. & Ironton R.R. Co., .
Cin., Hamilton & Dayton R.R. Co.,
Cleveland & Mahoning Valley R.R
Chicago & Western Indiana R.R. Co
Chicago & Northwestern R.R. Co.,
Dayton & Michigan R.R. Co., .
Fitchburg R.R. Co., .
G. Rapids, L. & D. R.R. Co., .
Hartford Street Railway Co., .
Housatonic R.R. Co.,
Indiana, Illinois & Iowa R.R, Co.,
Lynn & Boston Railway Co., .
Manitou & Pike's Peak Railway Co
North Chicago Street R.R. Co.,
N. Y., N. H. & H. R.R. Co. ctfs.,
Saginaw & Western R.R. Co., .
Toledo & Ohio Central R.R. Co.,
Waterbury, Conn., Traction Co.,
W. Chicago St. R.R. Co., .
W. Chicago St. R.R. Tunnel Co.,
Brooklyn Wharf & Warehouse Co.,
Hartford Electric Light Co.,
Minneapolis Gas Light Co.,
Northwestern Telegraph Company,
Central Safety Deposit Co., Chicago,
Traders' Safe and Trust Co., Chicago,
150 shares Bald Eagle Valley R.R., .
142 " Boston & Albany R.R., .
740 " Chicago, Burlington & Quincy R.R
150 " Chicago & Northwestern R.R.,
220 " Chicago, Rock Island & Pacific R.R
300 " N.Y. Central & Hudson River R.R
375 " N.Y., New Haven & Hartford R.R
300 " Pitts., F. W. & Chicago R.R., .
200 " Empire & B. S. Telegraph Co.,
600 " Northwestern Telegraph Co., .
Par Value.
$25,000 00
25,000 00
15,000 00
25,000 00
15,000 00
13,000 00
30,000 00
10,000 00
20,000 00
25,900 00
10,000 00
20,000 00
15,000 00
50,000 00
10,000 00
15,000 00
5,000 00
25,000 00
20,000 00
3,000 00
25,000 00
30,000 00
25,000 00
10,000 00
10,000 00
10,000 00
55,000 00
2,000 00
15,000 00
10,000 00
10,000 00
10,000 00
75,000 00
10,000 00
25,000 00
15,000 00
25,000 00
10,000 00
7,500 00
14,200 00
74,000 00
15,000 00
22,000 00
30,000 00
37,500 00
30,000 00
20,000 00
30,000 00
Market Value.
$27,500 00
25,750 00
15,000 00
26,000 00
15,150 00
14,040 00
30,000 00
9,500 00
21,000 00
26,160 00
9,200 00
20,400 00
15,750 00
52,250 00
11,500 00
17,400 00
5,400 00
26,000 00
21,000 00
1,500 00
25,437 50
30,000 00
21,250 00
10,200 00
9,000 00
10,350 00
67,450 00
1,000 00
15,900 00
10,000 00
10,000 00
10,175 00
75,000 00
10,200 00
26,000 00
16,875 00
25,000 00
10,000 00
15,000 00
29,536 00
51,800 00
15,000 00
14,300 00
27,900 00
65,625 00
48,000 00
14,800 00
33,000 00
CONNECTICUT FIRE INSURANCE CO.
179
167 shares First National Bank, Minneapolis, .
100 " Importers & Traders NT B 1 k, N.Y.,
11 " Second National Bank, New Haven,
100 " iEtna National Bank, Hartford,
93 " Charter Oak Nat. Bank, Hartford, .
125 " Farm & Mech. NT Bank, Hartford,
185 " First National Bank, Hartford,
300 " Hartford National Bank, Hartford,
100 " Mercantile National Bank, Hartf'd,
412 " National Exchange Bank, Hartford,
150 " Phoenix National Bank, Hartford, .
45 " Conn. Trust & S. D. Co., Hartford,
Securities held as collateral for cash loans
No. Chicago St. R'y Co. stock, .
Minneapolis & St. Louis Railroad stock,
Arizona Canal & Improvement bonds,
Denver Union water bond,
Lima Lake (111 ) drainage bond,
Par Value.
$16,700 00
10,000 00
1,100 00
10,000 00
9,300 00
12,500 00
18,500 00
30,000 00
10,000 00
20,600 00
15,000 00
4,500 00
Market Value.
$12,525 00
53,000 00
1,870 00
14,000 00
8,370 00
13,750 00
20,350 00
42,000 00
7,500 00
26,780 00
18,000 00
7,200 00
,678,360 00 $1,824,018 50
Market Value. Loaned Thereon.
$5,000 00
7,800 00
3,000 00-
900 00
900 00.
$4,000 00
6,000 00
4,000 00
$17,600 00 $14,000 00
Summary op Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $154,775 00
Loans on mortgage of real estate (first liens *), 916,359 00
Stocks and bonds, as per schedule, . . . 1,824,018 50
Loans on collateral security, as per schedule, . 14,000 00
Cash in the office of the company, . . . 728 77
Cash deposited in bank, ..... 170,658 56
Premiums in course of collection (gross), . 232,808 74
Bills receivable, not matured, taken for fire risks, 1,020 50
Gross assets,
Deduct special deposits in other States, .
Balance, $3,129,589 07
1,314,369 07
184,780 00
Liabilities.
Losses claimed and reported,
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
$118,736 87
25,944 94
$144,681 81
6,199 6Q
$138,482 15
1,430,015 17
* Value of lands mortgaged, $1,297,985 00
Value of buildings thereon, 1,195,520 00
Amount of insurance held as collateral, .... 891,150 00
180
CONNECTICUT FIRE INSURANCE CO.
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Reinsurance, ......
Reinsurance disallowed, . . ■ .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Gross cash income, ....
,839 47
6,258 16
26,475 72
19,441 33
27,182 38
11,671,694 38
71,768 00
$1,599,926 38
$1,529,662 69
1,000,000 00
$529,662 69
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, .
$268,259 53
1,991,741 29
$2,260,000 82
232,808 74
$2,027,192 08
266,889 36
sources, .
$1,760,302 72
45,859 05
84,873 81
$1,891,035 58
l,054,548 12
47.198 41
$1,007,349 71
100,000 00
311,237 74
137,411 48
39,751 42
125,680 82
$1,721,431 17
Risks and Premiums.
Fire risks outstanding Dec. 31,1895,
Fire risks written during 1896,
Total, . . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$210,786,643 00
. 158,550,267 00
$369,336,910 00
. 142,056,121 00
$227,280,789 00
. 7,171,665 00
Premiums.
>2,705,384 93
1,991,741 29
14,697,126 22
1,844,467 84
1,852,658 38
92,530 89
$220,109,124 00 $2,760,127 49
CONTINENTAL INSURANCE CO.
181
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (10 per cent.),
Company's stock owned by directors,
$21,892,188 00
12,486,813 00
898,079 00
2,105,000 00
100,000 00
44,800 00
"CONTINENTAL INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated November, 1852. Commenced business January, 1853.]
Paid-up Capital, $1,000,000.
F. C. MOORE, President. EDWARD LANNINO, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
250 shares American Exchange Nat'l Bank, . $25,000 00 $42,500 00
50 " Bank of America, .... 5,000 00 15,500 00
50 " Bowery Bank, . . . . 5,000 00 15,000 00
1,200 " Mechanics' National Bank, . . 30,000 00 55,500 00
250 " Mercantile National Bank, . . 25,000 00 41,250 00
350 " Merchants' National Bank, . . 17,500 00 22,750 00
100 " Nassau Bank, .... 5,000 00 7,250 00
382 " Phenix National Bank, . . . 7,640 00 7,640 00
200 " Central Trust Company, . . 20,000 00 200,000 00
1,100 " Chicago, Burl. & Quincy R.R , . 110,000 00 77,000 00
750 " Chicago, Mil. & St. Paul Railway, 75,000 00 96,000 00
74 " Chicago & Alton Railroad, . . 7,400 00 12,950 00
1,000 " Chicago & Northwestern Railway, 100,000 00 150,000 00
1,000 " Chicago, Rock Island & Pacific R'y, 100,000 00 63,000 00
1,000 " Chi., St. Paul, Minn. & Omaha R'y, 100,000 00 125,000 00
1,000 " Clev., Cin., Chic. & St. Louis R R., 100,000 00 74,000 00
500 " Consolidated Gas Co. of N. Y., . 50,000 00 70,000 00
200 " Delaware & Hudson Canal Co., . 20,000 00 22,000 00
7,500 " Brooklyn City Railroad Co., . 75,000 00 127,500 00
500 " N. Y., Chicago & St Louis R'y, . 50,000 00 35,000 00
1,500 " Lake Shore & Mich. Southern R'y, 150,000 00 225,000 00
3,000 " New York & Harlem Railroad, . 150,000 00 427,500 00
500 " N.Y., New Haven & Hartford R.R., 50,000 00 85,000 00
1,000 " Pennsylvania Railroad Company, 50,000 00 50,000 00
5,000 " Pitts.,McKees &Youghiogh'y R.R , 250,000 00 300,000 00
500 " Rome,Watert"n&Ogdensb'gR.R., 50,000 00 57,500 00
500 " St. Paul & Duluth Railroad, . . 50,000 00 40,000 00
1,000 " St. Paul, Minn. & Manitoba R'way, 100,000 00 110,000 00
1,200 " United N. J. R.R. & Canal Co., ' . 120,000 00 282,000 00
Atlantic & Gulf Railroad bonds, . . . 47,000 00 47,000 00
Cedar Rapids, la. Falls & Northw'n R.R. bonds, 50,000 00 50,000 00
182
CONTINENTAL INSURANCE CO.
Chicago, Burl. & Quincy Railroad bonds,
Chicago, Milwaukee & St. Paul R.R. bonds, .
Chicago & Northwestern sinking fund bonds,
Chicago, Rock Island & Pacific R.R. bonds, .
Chicago, St. Paul, Minn. & Omaha R'y bonds,
Columbia & Greenville Railroad bonds, .
Elmira, Cortland & Northern R.R. bonds,
Erie Railway Company bonds,
Georgia, Carolina & Northern Railway bonds,
Grand Rapids, Lansing & Detroit R.R. bonds,
Indiana, Bloomington & Western R.R. bonds,
Kentucky Central Railway Company bonds,
Midland Railroad Co. of New Jersey bonds,
Milwaukee, Lake Shore & Western R.R. bonds
Morris & Essex Railroad bonds,
New York Cen. & Hudson River R.R. bonds,
New York, Lackawanna & Western R'y bonds
N. Y., New Haven & Hartford R.R. bonds,
Raleigh & Augusta Air Line Railroad bonds,
Richmond & Danville Railroad bonds,
St. Paul, Minn. & Manitoba Railroad bonds,
Western Union Telegraph Company bonds,
Portland, Oregon, water bonds,
Richmond, Virginia, bonds,
Alabama bonds,
Georgia bonds, .
United States bonds, .
New York city bonds,
Par Value.
$10,000 00
50,000 00
49,000 00
100,000 00
100,000 00
50,000 00
50,000 00
50,000 00
25,000 00
50,000 00
135,000 00
50,000 00
50,000 00
100,000 00
50,000 00
50,000 00
50,000 00
20,000 00
50,000 00
50,000 00
100,000 00
104,000 00
50,000 00
50,000 00
10,000 00
25,000 00
600,000 00
300,000 00
Market Value.
$11,000 00
56,500 00
53,900 00
100,000 00
125,000 00
50,000 00
52,500 00
67,500 00
19,500 00
25,000 00
141,750 00
42,500 00
57,500 00
127,000 00
69,000 00
52,500 00
62,500 00
26,000 00
52,500 00
58,000 00
115,000 00
109,200 00
55,000 00
50,000 00
10,000 00
26,250 00
698,500 00
312,500 00
1,372,540 00 $5,560,440 00
Summary of Assets Dec. 31, 1896.*
Cash value of unencumbered real estate,
st liens f),
Loans on mortgage of real estate (fir
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
$1,236,250 00
106,060 00
2,381 47
5,560,440 00
37,580 58
256,985 28
77,014 39
377,136 66
* The company holds also instalment premium notes to the amount of $1,442,516.84, which
do not enter into nor form any part of the assets of the company, as no portion of them is earned.
Whatever value is attached to them would necessarily be counterbalanced by the addition of an
amount exactly equal to the reinsurance liability, the entire sum consisting of " unearned pre-
miums."
t Value of lands mortgaged, $136,650 00
Value of buildings thereon, 159,450 00
Amount of insurance held as collateral, .... 128,925 00
CONTINENTAL INSURANCE CO.
183
Bills rec'able for fire, marine and inland risks, $121,574 59
Rents, 924 16
Prem's more than three mos. due, $349,515 39
Gross assets,* $7,776,347 13
Deduct special deposits in other States, 131,250 00
Balance, $7,645,097 13
Liabilities.
Losses claimed and reported,
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
Dividends to stockholders, unpaid, .
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reserve for contingencies,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, .....
Surplus over capital, .
$236,005 45
35,650 00
$271,655 45
1,020 65
$270,634 80
3,523,299 59
28,823 00
6,093 36
600 00
15,000 00
117,677 62
250,000 00
£4,212,128 37
76,809 60
4,135,318 77
$3,509,778 36
1,000,000 00
$2,509,778 36
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
$542,402 43
22,766 03
$519,636 40
3,839,539 38
$4,359,175 78
498,711 25
$3,860,464 53
414,636 13
sources,
- $3,445,828 40
5,372 77
262,869 06
46,533 67
. $3,760,603 90
* Including $600,000 special reserve fund held under New York law.
184
THE DEL A WAKE INSURANCE CO.
Expenditures.
Cash paid for fire losses, $1,702,585 33
Deduct salvage and reinsurance, . . . 19,222 62
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for redemption of scrip and interest,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, . ■ .
for general expenses,
Gross cash expenditures, ....
,683,362 71
176,438 50
387 66
691,874 78
297,309 68
74,829 62
202,348 63
5,126,551 58
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$667,198,300 00 $6,880,369 96
392,138,697 00 3,839,539 38
Total,
Deduct risks expired and terminated,
In force at end of year, . .
Deduct amount reinsured,
Net amount in force,
$1,059,336,997 00 $10,719,909 34
361,027,834 00 3,653,195 48
,309,163 00 $7,066,713 86
3,949,194 00 36,147 86
$694,359,969 00 $7,030,566 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (17.7 per cent.),
Company's stock owned by directors, .
$65,279,426 00
36.220,145 00
1,587,284 00
5,669,357 00
177,000 00
148,400 00
"THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.]
Paid-up Capital, $702,875.
TATTNALL PAULDING, President. HENRY LYLBURN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$100,000 00
31,300 00
United States bonds, .
Tennessee State bonds,
Georgia State bonds,
Richmond, Va., city bonds,
Newark, N. J., city bonds,
25,000 00
37,000 00
75,000 00
Market Value-
$114,000 00
25,353 00
25,250 00
37,000 00
80,250 00
THE DELAWARE INSURANCE CO.
185
Camden, N. J , city bonds,
Springfield, 111., city bonds,
Philadelphia & Reading Railroad bonds, .
Allentown Terminal Railroad bonds,
Lehigh Valley Railroad bonds,
Pennsyl. & New York Canal and R.R. Co. bonds
Philadelphia, Wil. & Bait. R.R. certificates,
Philadelphia & Reading R.R. car trust, .
Pennsylvania Railroad stock, .
Pitts., Youngstovvn & Ashtabula R.R. bonds,
Baltimore Belt Railroad bonds,
Wilmington & Northern Railroad bonds,
Underwriters' Salvage Company of N. Y., stock
Brooklyn Wharf & Warehouse Co. bonds,
St. Louis Merchants' Bridge Terminal Co.,
Delano Land Company's bonds,
Philadelphia Bourse stock,
Mortgage Trust Company, Pennsylvania,
Lehigh Valley Railroad bonds,
People's Passenger Railway Company, .
Securities held as collateral for cash loans : —
100 shares Philadelphia Traction Co.,
113 " Atchison, Topeka & Santa Fe R.R ,
47 " Philadelphia & Reading R.R.,
100 " Cambria Iron Co., .
100 " Philadelphia Traction Co.,
200 " United Gas Improvement Co.,
200 " Philadelphia & Reading Railroad, .
Lehigh Valley Coal Co. bonds,
Par Value.
130,000 00
25,000 00
100,000 00
50,000 00
100,000 00
50,000 00
30,000 00
40,000 00
25,000 00
40,000 00
40,000 00
25,000 00
500 00
20,000 00
25,000 00
30,000 00
1,000 00
15,000 00
25,000 00
30,000 00
Market Value.
$30,600 00
26,500 00
101,750 00
50,000 00
99,000 00
48,000 00
30,900 00
40,000 00
25,875 00
44,000 00
37,000 00
25,750 00
500 00
19,800 00
25,750 00
30,750 00
200 00
15,000 00
25,250 00
30,100 00
$969,800 00 $988,578 00
Market Value. Loaned Thereon.
$6,675 00^
11,413 00 y
21,855 00 J
4,325 00^
9,400 00 }>
14,550 00 J
2,600 00
67,550 00
$25,000 00
20,000 00
1,200 00
50,000 00
$138,368 00 $96,200 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $160,000 00
Loans on mortgage of real estate (first liens *), 100,200 00
Interest due or accrued thereqn, . . . 1,297 77
Stocks and bonds, as per schedule, . . . 988,578 00
Loans on collateral security, as per schedule, . 96,200 00
Cash in the office of the company, . . . 230 90
Cash deposited in bank, . . . . 72,240 74
Interest due and accrued, 149 65
Premiums in course of collection (gross) , . 163,577 54
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
5177,000 00
86,000 00
77,500 00
186
THE DELAWARE INSURANCE CO.
Bills receivable, ....
Rents, . . . .
Reinsurance on losses,
Gross assets, ....
Deduct special deposits in other States,
Balance, . . . . " , . . . . $1,523,639 30
$1,569 27
645
84
1,199
59
$1,585,889 30
62,250 00
•
•
Liabilities.
Losses adjusted, unpaid, . .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Reinsurance, . . . .
Reinsurance disallowed, .
Gross liabilities, except capital, .
Deduct liability on special deposits,
$8,254 00
42,906 00
5,500 00
565,882 77
88,632 02
97 00
12,614 55
4,559 20
11,100 44
$739,545 98
31,113 00
708,432 98
Surplus as regards policy holders, .
Paid-up capital,
. $815,206 32
702,875 00
Surplus over capital, $112,33132
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total, ;.,...
Premiums now in course of collection,
Entire premiums collected,
- Less reinsurance and return premiums,
Net cash marine premiums received,
$165,965 66
966,710 79
1,132,676 45
161,461 97
$971,214 48
213,987 02
$3,415 70
82,152 75
,568 45
1,569 27
,999 18
82,180 71
$757,227 46
1,818 47
THE DELAWARE INSURANCE CO.
187
Interest received cm mortgages, $6,344 11
Interest and dividends received from all other sources, . . 46,966 23
Premiums on perpetual fire risks, 8,617 52
Deposits received for perpetual fire risks, . $12,754 13
Gross cash income, $820,973 79
Expenditures.
Cash paid for fire losses, $398,855 86
Deduct salvage and reinsurance, . . . 30,706 67
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, . . $101,630 29
Deduct salvage and reinsurance, . . . 99,106 15
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks, . $2,678 95
Gross cash expenditures,
,149 19
2,524 14
42,172 50
166,313 41
70,688 04
28,535 80
64,334 30
$742,717 38
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
Perpetual risks in force (not incl'd above) ,
Marine risks written during 1896, .
Deduct amount reinsured,
.$84,589,541 00
. 83,635,090 00
$168,224,631 00
. 67,010,655 00
$101,213,976 00
. 8,742,269 00
. $92,471,707 00
. $3,647,050 00
$15,725,000 00
$15,725,000 00
Premiums.
$1,039,765 94
966,710 79
$2,006,476 73
818,380 29
$1,188,096 44
112,624 89
$1,075,471 55
1,730 74
52,152 75
!,152 75
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$31,235,653 00
18,617,482 00
359,761 00
2,571,246 00
42,172 00
55,975 00
188
THE DETROIT FIRE AND MARINE INSURANCE CO.
"THE DETROIT FIRE AND MARINE INSURANCE COMPANY,"
DETROIT, MICH.
[Incorporated Feb. 1, 1866. Commenced business March 14, 1866.]
Paid-up Capital, $500,000.
WILLIAM A. MOORE, President. C. L. ANDREWS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, . - . . . . $40,000 00
Ft. Wayne & Belle Isle R.R. bonds, . . 28,000 00
School Dist. bonds, Springwells, Mich., . . 6,000 00
Market Value.
$45,600 00
28,000 00
6,000 00
Securities held as collateral for cash loans : —
Mortgage assigned, .
People's Savings Bank stock, . . .''...
Citizens 1 Savings Bank stock, ....
$74,000 00 $79,600 00
Market Value. Loaned Thereon.
$2,000 00 $500 00
3,000 00 3,000 00
1,100 00 600 00
$6,100 00 $4,100 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Reinsurance, etc.,
Agents' balances, .... $670 77
Prem's more than three mos. due, . 3,547 81
Gross assets,
31, 1896.
),
$128,089 68
932,085 46
36,835 92
79,600 00
4,100 00
4,447 90
43,963 51
1,201 86
32,174 73
2,294 45
3,507 91
$1,268,301 42
Liabilities.
Losses adjusted, unpaid, ..... $1,569 70
claimed and reported, . . . . 5,649 97
disputed or resisted, .... 2,043 68
Unearned premiums on outstanding risks, . 167,340 47
State and local taxes, 166 81
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$1,344,047 00
1,116,112 00
683,897 00
THE DETROIT FIRE AND MARINE INSURANCE CO.
189
Commissions and brokerage, .
Return premiums, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .
Surplus over capital, .
&2,818 82
4,753 85
1184,343 30
. $ 1,083,958 12
500,000 00
. §583,958 12
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total, .......
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .....
Received for increased capital,
138,680 92
248,996 71
$287,677 63
35,509 21
$252,168 42
44,582 02
$2,608 08
39,555 00
$42,163 08
2,498 42
$39,664 66
10,611 87
sources, .
$100,000 00
$207,586 40
29,052 79
54,558 65
11,367 03
1,099 49
Gross cash income,
$303,664 36
Expenditures.
■Cash paid for fire losses,
Cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for profit and loss account,
for incidentals, ....
$93,492 72
7,053 06
45,000 00
28,816 32
23,548 84
19,537 26
3,783 29
19,947 94
Gross cash expenditures,
$241,179 43
190
EASTERN INSURANCE CO.
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1895, . $28,205,435 00 $330,706 87
Fire risks written during 1896, . . . 22,406,129 00 248,996 71
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Marine risks written during 1896, .
Deduct risks expired and terminated,
In force at end of year, .
,611,564 00 $579,703 58
22,909,760 00 261,966 14
$27,701,804 00
94,179 00
117,737 44
809 63
$27,607,625 00 $316,927 81
52,491,574 00
2,115,999 00
,555 00
23,120 26
$375,575 00 f 16,434 74
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (9 per cent.), .
Company's stock owned by directors, ....
£6,667,082 00
3,358,428 00
81,094 00
13,104 00
816,000 00
45,000 00
128,850 00
"EASTERN INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated March 24, 1896. Commenced business April 22, 1896.]
Paid-up Capital, $200,000.
VERNON C. BROWN, President. JAMES MARSHALL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Equitable Gas Light Co., N. Y., bonds, . . $25,000 00 $28,562 50
Pennsylvania Co. bonds, 10,000 00 11,000 00
United States bonds, 115,000 00 138,575 00
Manhattan Railway Co. bonds, . . . 10,000 00 9,400 00
New York City school bonds, .... 10,000 00 10,575 00
New York City water bonds 10,000 00 10,575 00
West Shore Railroad Co. bonds, . . . 50,000 00 52,625 00
$230,000 00 $261,312 50
EASTERN INSURANCE CO.
191
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Salvage due,
Gross assets,
Liabilities.
Losses claimed and reported,
Less reinsurance,
$72,000 00
906 68
261,312 50
1 93
23,956 20
611 95
27,566 09
750 00
$3,113 75
352 50
$2,761 25
51,787 50
7,610 96
3,819 08
350 00
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Premiums on risks written or renewed, . . $138,775 16
Premiums now in course of collection, . . 27,566 09
Entire premiums collected, .... $111,209 07
Less reinsurance and return premiums, . . 25,913 36
Net cash fire premiums received, . . .
Interest received on mortgages, . . ...
Interest and dividends received from all other sources, .
Received for surplus fund, . . i , . $100,000 00
Gross cash income, . '. . . . . .
Expenditures.
Cash paid for fire losses, $11,229 99
Deduct salvage and reinsurance, . . . 1,970 32
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage, ....
for State and local taxes,
for incidentals,
Gross cash expenditures,
$387,105 35
66,328 79
$320,776 56
200,000 00
$120,776 56
$85,295 71
403 33
4,875 00
,574 04
$9,259 67
26,813 45
673 58
85 00
,831 70
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$81,000 00
44,000 00
40,000 00
192
EQUITABLE FIRE AND MARINE INSURANCE CO.
Fire risks written during 1896,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Risks and Premiums.
Premiums.
.$ 17,825,586 00 $138,775 16
. 4,074,466 00 29,563 73
. $13,751,120 00 $109,211 43
713,390 00 5,939 11
$13,037,730 00 $103,272 32
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$85,296 00
9,260 00
12,021 00
62,500 00
"EQUITABLE FIRE AND MARINE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated May, 1859. Commenced business September, I860.]
Paid-up Capital, $300,000.
FRED. W. ARNOLD, President. JAMES E. TILLINGHAST, Secretary.
Detailed Statement of Stocks
340 " NatU Bank of Commerce, Prov.,
200 " American National Bank, Prov.,
100 " Fourth National Bank, Providence
100 " First National Bank, Warren,
18 " Third National Bank, Providence,
200 " N. Y. Central & Hud. River R.R.,
200 " Illinois Central Railroad,
100 " Chic, Rock I. & Pacific Railroad,
107 " Chic, Burl. & Quincy Railroad,
100 " Michigan Central Railroad, .
50 " Rhode Island & Mass. Railroad,
50 " Wells, Fargo & Company Express
500 " Providence Gas Company,
United States bonds,
Boston city bonds, .
Union Pacific Railroad bonds, .
Pawtuxet Valley Railroad bonds, .
Central Park, North & East River R.R. bonds
Lehigh Valley Railroad bonds,
New York, Providence & Boston R.R. bonds,
and Bonds.
Par Value.
$50,000 00
17,000 00
10,000 00
10,000 00
10,000 00
1,800 00
20,000 00
20,000 00
10,000 00
10,700 00
10,000 00
5,000 00
5,000 00
25,000 00
25,000 00
25,000 00
18,000 00
22,000 00
15,000 00
10,000 00
1,000 00
Market Value.
$55,000 00
13,940 00
8,600 00
11,800 00
9,000 00
1,080 00
18,700 00
18,600 00
6,600 00
7,490 00
9,000 00
5,000 00
5,000 00
42,500 00
27,500 00
27,500 00
18,540 00
23,650 00
16,500 00
11,000 00
1,060 00
EQUITABLE FIRE AND MARINE INSURANCE CO. 193
Milwaukee City Railroad bonds,
National Water Works bonds, .
Chicago, Burlington & Quincy R R. bonds,
Par Value.
$5,000 00
6,800 00
3,000 00
Market Value.
$5,250 00
4,500 00
3,225 00
$335,300 00 $351,035 00
Summary op Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Stocks and bonds, as per schedule, .
Cash in the office of the company, . • .
Cash deposited in bank,
Premiums in course of collection (gross),
Rents due,
Prem's more than three mos. due, $105 56
Gross assets, f
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc ,
State and local taxes,
Commissions and brokerage, .
Return premium and reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
31, 1896
$127,000 00
129,325 00
351,035 00
704 36
27,889 18
38,855 33
1,280 00
$7,235 00
11,172 00
1,478 00
208,742 72
577 22
1,578 88
2,820 18
1,418 71
945 48
$676,088 87
235,968 19
$440,120 68
300,000 00
$140,120 68
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$43,559 46
347,207 45
,766 91
38,829 11
551,937 80
58,685 07
,252 73
* Value of lands mortgaged, $137,100 00
Value of buildings thereou, . . . . . . 203,600 00
Amount of insurance held as collateral, .... 149,150 00
t Including $45,000 special reserve fund held under Rhode Island law.
194
EQUITABLE FIRE AND MARINE INSURANCE CO.
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total, . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income,
$103 46
1,850 57
$1,954 03
131 78
$1,822 25
77 42
sources, .
$1,744 83
6,826 69
16,579 80
7,100 05
$325,504 10
Expenditures.
Cash jDaid for fire losses, . ...
Deduet salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid, . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for betterment and repairs,
for all other expenditures,
Gross cash expenditures, ....
$118,317 67
6,256 51
$221 21
95 02
$112,061 16
126 19
18,000 00
55,438 56
25,105 27
11,061 61
4,944 62
20,799 31
$247,536 72
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
,456,870 00
29,248,889 00
$62,705,759 00
26,444,793 00
$36,260,966 00
1,447,657 00
Premiums.
$387,694 04
347,207 45
$734,901 49
313,556 24
$421,345 25
17,511 92
$34,813,309 00
$403,833 33
$32,337 00
$798 15
364,058 00
1,850 57
$396,395 00
373,334 00
$23,061 00
$2,648 72
1,915 53
$733 19
EMPIRE CITY FIRE INSURANCE CO.
195
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
;5,574,774 00
3,545,520 00
114,303 00
141 00
578,000 00
18,000 00
71,750 00
"EMPIRE CITY FIRE INSURANCE COMPANY," NEW YORK, N.Y.
[Incorporated October, 1850. Commenced business October 5, 1850.]
Faid-up Capital, $200,000.
LINDLEY MURRAY, Jr., President. DAVID J. BURTIS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, . ' . . . . $206,000 00
New York City bonds, 40,000 00
Erie Railway bonds, 5,000 00
Underwriters 1 Salvage Co , . . . 500 00
Market Value.
$227,500 00
40,000 00
5,000 00
$251,500 00 $272,500 00
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets, . .
$5,500 00
137 50
272,500 00
237 65
30,871 86
2,238 33
11,658 87
$323,144 21
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral.
$11,600 00
50,706 09
1,748 85
9 38
64,064 32
$259,079 89
200,000 00
$59,079 89
$5,000 00
10,000 00
5,000 00
196
EMPIRE CITY FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1895, . $ 9,982 40
Premiums on risks written or renewed, . 101,218 74
Total, ....... $111,201 14
Premiums now in course of collection, . . 11,658 87
Entire premiums collected, .... $99,542 27
Less reinsurance and return premiums, . . 20,825 30
Net cash fire premiums received, . . .
Interest received on mortgages, ......
Interest and dividends received from all other sources, .
Gross cash income, ........
$78,716 97
275
00
10,035
51
,027 48
Expenditures.
Cash paid for fire losses, .
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, ....
$35,989 56
$35,989 56
12,000 00
10,624 38
10,220 10
169 48
6,031 45
$75,034 97
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total, ......
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Miscellaneous
$12,113,887 00
11,095,220 00
Premiums.
$114,739 76
101,218 74
^23,209,107 00 $215,958 50
11,750,877 00 111,002 15
.1,458,230 00 $104,956 35
149,920 00 850 22
$11,308,310 00 $104,106 13
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
53,312,401 00
1,557,774 00
32,599 00
879,000 00
12,000 00
42,300 00
FARRAGUT FIRE INSURANCE CO.
197
"FARRAGUT FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated Jan. 29, 1872. Commenced business Jan. 30, 1872.]
Paid-up Capital, $200,000.
JOHN E. LEFFINGWELL, President. SAMUEL DARBEE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $5,000 00 $6,000 00
District of Columbia bonds 105,000 00 117,075 00
New York, Ontario & Western R.R. bonds, . 20,000 00 21,700 00
Fourth National Bank stock, .... 10,000 00 17,500 00
New York Produce Exchange Bank stock, . 9,700 00 11,640 00
Clinton Bank stock, 6,000 00 5,400 00
Long Island Loan and Trust Company, . . 25,000 00 53,750 00
Brooklyn Union Gas Company bonds, . . 6,000 00 6,330 00
Brooklyn Union Gas Company stock, . . 2,300 00 2,001 00
$189,000 00 $241,396 00
Securities held as collateral for cash loans : —
Stock Quotation Telegraph Co. bonds,
N. Y., Ontario & Western R.R. Co. bonds,
N. Y. Produce Exchange Bank stock,
Cooke & Cobb Company stock,
Manhattan Railway Company stock,
Bedford Bank stock,
Market Value.
$9,000 00
3,285 00
1,080 00
4,000 00
4,450 00
2,100 00
Loaned Thereon.
$6,000 00
2,000 00
500 00
2,000 00
1,500 00
700 00
$23,915 00 $12,700 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued,
Premiums in course of collection (gross),
Rents,
Reinsurance on losses,
Ofiice furniture, . . . . $2,000 00
Prem's more than three mos. due, . 14 24
Gross assets,
31, 1896.
$6,000 00
15,930 00
- 248 04
241,396 00
12,700 00
1,578 82
15,115 54
171 17
20,379 29
226 26
719 51
$314,464 63
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$20,750 00
13,000 00
12,000 00
198
FARRAGUT FIRE INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, . .
Surplus over capital,
$944 15
7,482 22
$8,426 37
1,600 00
$6,826 37
59,572 29
250 00
600 00
2,434 26
198 21
5,966 06
$75,847 19
$238,617 44
200,000 00
,617 44
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected, .
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income,
$27,064 00
2,448 68
$24,615 32
150,968 55
$175,583 87
20,393 53
$155,190 34
37,434 44
other sources, .
$117,755 90
701 91
9,453 06
354 20
$128,265 07
Expenditures.
Cash paid for fire losses, . . . . ■ .
Deduct salvage and reinsurance,
Net cash paid for fire losses, . .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, ....
$61,638 90
6,550 19
$55,088 71
12,000 00
22,854 08
17,440 00
3,224 02
8,926 02
$119,532 83
FIRE ASSOCIATION OF PHILADELPHIA.
199
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
. $17,399,594 00
. 13,275,443 00
),675,037 00
. 15,459,330 00
.|15,215,707 00
. 5,321,121 00
Premiums.
1175,086 29
150,968 55
,051 84
172,270 32
[53,784 52
34,644 84
1,894,586 00 $119,139 68
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, . . . .
>3,696,416 00
1,831,819 00
51,384 00
528,000 00
12,000 00
72,150 00
"FIRE ASSOCIATION OF PHILADELPHIA," PHILADELPHIA, PA.
[Incorporated March 27, 1820. Commenced business Sept. 1, 1817.]
Paid-up Capital, $500,000.
E. C IRVIN, President. BENJAMIN T. HERKNESS, Secretary.
Detailed Statement of Stocks and Bonds.
City of Camden bonds, ....
City of Richmond certificates, .
City of Cincinnati bonds, ....
City of Tacoma water and light bonds, .
City of Portland, Or., new city hall gold bonds
City of Richmond certificates, .
City of Petersburg, Va., bonds,
Atlantic City, N". J., city water works bonds,
State of Georgia bonds, ....
Northern Central Railroad Co. bonds,
Catawissa Railroad Co. bonds, .
Lehigh Valley Railroad bonds,
Shamokin Valley & Pottsville Railroad bonds
Philadelphia & Erie Railroad bonds,
Belt Railroad and Stock Yards bonds,
Par Value.
$1,500 00
25,000 00
125,000 00
40,000 00
15,000 00
65,600 00
50,000 00
25,000 00
25,000 00
168,000 00
10,000 00
132,000 00
20,000 00
100,000 00
50,000 00
Market Value.
$1,770 00
28,750 00
150,625 00
42,000 00
16,950 00
65,288 00
53,500 00
27,445 00
26,500 00
193,200 00
10,900 00
156,100 00
22,200 00
119,500 00
59,000 00
200
FIRE ASSOCIATION OF PHILADELPHIA.
Louisville and Nashville Railroad bonds,
Texas and Pacific Railroad bonds, .
Camden & Atlantic Railroad bonds,
Pennsylvania Railroad bonds, ;
Cincinnati, Hamilton & Dayton R.R. bonds,
Cincinnati, Dayton & Ironton Railroad bonds,
Chicago, Rock Island & Pacific R.R. bonds,
Northern Pacific Railroad bonds,
Philadelphia & Reading Railroad bonds, .
Central Car Trust Company bonds,
Ohio River Railroad Co bonds,
Centralia & Chester Railroad bonds,
Chicago & Erie Railroad Co. bonds,
Lynn & Boston Railroad Co. bonds,
Lehigh Valley Coal Co. bonds,
Port of Portland, Oregon, bonds,
Pennsylvania & New York Canal bonds,
Lehigh Coal & Navigation Co. bonds,
Evansville & Terre Haute Railroad bonds,
Newark Passenger Railway Co. bonds, .
Lehigh Valley Railroad bonds,
Terminal Railroad Asso., St. Louis, bonds,
Philadelphia City Passenger Railway bonds,
Allentown & Bethlehem Rap. Trail. Co. bonds
Cleveland Electric R.R. Co. bonds, .
Lehigh Coal & Navigation Co. bonds,
Wisconsin Central Co.'s receiver's certificates,
1,230 shares Pennsylvania R.R. Co. stock,
331 " Phila,Germant'n&Norrist'nR.R
70 " Chestnut Hill Railroad Co. stock
20 " Philadelphia Bourse, .
5 " Underwriters 1 Salvage Co., .
125 " Centralia & Chester R.R. Co.,
256 " Company's own stock, $88,320 00
Par Value.
$81,000 00
13,000 00
30,000 00
108,000 00
20,000 00
25,000 00
25,000 00
25,000 00
20,000 00
18,000 00
25,000 00
50,000 00
35,000 00
25,000 00
15,000 00
39,000 00
1,000 00
100,000 00
50,000 00
22,000 00
75,000 00
75,000 00
50,000 00
56,000 00
30,000 00
50,000 00
10,000 00
61,500 00
16,550 00
3,500 00
1,000 00
500 00
12,500 00
Market Value.
$93,960 00
13,910 00
32,250 00
136,560 00
20,000 00
25,000 00
26,125 00
29,125 00
16,300 00
18,000 00
25,250 00
45,000 00
38,325 00
25,750 00
14,512 50
44,460 00
1,180 00
129,000 00
40,000 00
23,705 00
75,000 00
79,125 00
53,500 00
59,920 00
30,900 00
51,250 00
10,000 00
63,652 50
41,375 00
4,200 00
200 00
500 00
3,125 00
$2,020,650 00 |2,244,888 00
Securities held as collateral for cash loans : —
Market Value.
Portland University bonds, . . . $18,720 00
Equitable Life Insurance Society policies, . 6,724 75 ?
Trust deed for property in Cook County, 111., . 25,000 00 S
Electric and People's Traction Co. certificates, 26,600 00 ^
449 shares Union Traction Co., . . . 4,265 50
Reading Traction Co. bonds, .... 17,000 00
20 shares Metropolitan Traction Co., . . 2,180 00
50 " Baltimore Traction Co , . . . 850 00
8 " Frankf'd&SouthwarkPass.R'yCo., 2,664 00 J
Loaned Thereon.
$10,000 00
10,000 00
j» 43,000 00
FIRE ASSOCIATION OF PHILADELPHIA.
201
100 shares Lehigh Coal & Navigation Co ,
100 " Columbus Street Railway Co.,
200 " Flat Top Coal Land Association,
Fort Worth & Rio Grande bonds,
Ohio River bonds,
Richmond Electric Railroad bonds, .
Mortgages assigned, ....
Richmond Railroad & Electric Co. bonds,
60 shares Commonwealth L. T. & T. Co.,
Ohio River Railroad bonds,
Fort Worth & Rio Grande bonds,
100 shares Lehigh Coal & Navigation Co.,
200 " Flat Top Coal Land Asso.,
100 " Catawissa Railroad,
Crosstown Street Railroad Co. bonds,
100 shares Flat Top Coal Land Asso.,
900 " Philadelphia Traction Co.,
50 " Catawissa Railroad Co., .
333 " Merchants 1 National Bank, .
250 " Camden Iron Works,
37 " United New Jersey Railroad, .
100 " Diamond State Iron Co.,
176 " Pennsylvania Railroad Co., .
Pennsylvania Railroad bonds, .
North Penn. Railroad bonds, .
Loaned on company's own stock, $3,750 00
Market Value.
$4,100 00]
4,300 00 I
10,000 00 \
4,700 00 |
6,720 00 J
27,900 00
28,600 00
22,500 00
4,020 00
8,400 00 |
4,230 00 '
4,100 00
3,000 00 j
4,800 00
8,100 00 )
5,000 00 S
60,300 00
2,400 00
33,300 00^
12,500 00
8,843 00
7,500 00 }
9,064 00
2,630 00
1,220 00
Loaned Thereon.
$25,000 00
24,800 00
27,500 00
20,000 00
3,000 00
I
I
J> 15,000 00
1,300 00
10,000 00
50,000 00
1,500 00
55,000 00
$392,231 25 |296,100 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $208,800 00
Loans on mortgage of real estate (first liens *), 2,133,221 51
Interest due or accrued thereon, . . . 56,108 15
Stocks and bonds, as per schedule, . . . 2,244,888 00
Loans on collateral security, as per schedule, . 296,100 00
Cash in the office of the company, . . . 6,411 97
Cash deposited in bank, . . . . . 154,464 94
Interest due and accrued, 12,547 29
Premiums in course of collection (gross), . 708,206 55
Rents, 1,648 00
Reinsurance on losses, 8,657 83
Gross assets, . . . . .
Deduct special deposits in other States, . .
),83 1,054 24
110,530 00
Balance, $5,720,524 24
* Value of lands mortgaged, . . . . . $2,897,519 00
Value of buildings thereon, ....... 2,436,940 00
Amount of insurance held as collateral, .... 1,957,615 00
202
FIRE ASSOCIATION OF PHILADELPHIA.
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
State and local taxes,
Commissions and brokerage,
Return premiums,
Reinsurance disallowed, .
Reinsurance,
Gross liabilities, except capital,
Deduct liability on special deposits,
$102,599 23
119,469 39
30,277 74
$252,346 36
23,026 99
|229,319 37
1,956,133 66
1,934,352 36
14,944 14
115,551 97
67,416 50
2,009 27
105,442 79
£4,425,170 06
44,552 72
$4,380,617 34
Surplus as regards policy holders, .
Paid-up capita], .
Surplus over capital,
. $1,339,906 90
500,000 00
$839,906 90
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from commissions,
Deposits received for perpetual fire risks,
Gross cash income, ....
$516,384 24
3,348,147 51
£3,864,531 75
708,206 55
£3,156,325 20
563,180 94
sources,
,445 40
>,593,144 26
106,285 40
142,532 41
3,976 70
1,160 00
!,847,098 77
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
$1,554,070 71
69,822 21
L,484,248 50
THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 203
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for interest,
for incidentals,
Gross cash expenditures,
1200,000 00
585,560 02
337,484 07
67,670 11
3,757 06
444 57
2,679,164 33
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1895, . $354,443,097 00 $3,756,154 16
Fire risks written during 1896, . . 269,894,896 00 3,283,208 18
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
1624,337,993 00 $7,039,362 34
252,434,261 00 3,024,677 73
$371,903,732 00 $4,014,684 61
16,957,733 00 190,742 76
$354,945,999 00 $3,823,941 85
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (40 per cent.),
Company's stock owned by directors, ....
$41,348,017 00
23,520,105 00
1,404,485 00
5,179,762 00
200,000 00
40,250 00
"THE FIRE INSURANCE COMPANY OF THE COUNTY OF
PHILADELPHIA," PHILADELPHIA, PA.
[Incorporated May 31, 1832. Commenced business April 19, 1833.]
Paid-up Capital, $400,000.
CHARLES R. PECK, President. E. A. LAW, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Jersey City bonds, f 9,000 00 $9,180 00
Lehigh Valley R.R. bonds, . . - . . 13,000 00 15,470 00
Delaware and Bound Brook R.R. bonds, . . 24,000 00 28,800 00
Catawissa R.R. Co. bonds, .... 4,000 00 4,360 00
Pennsylvania Company bonds, . . . 1,000 00 1,040 00
Pennsylvania & N. Y. Canal and R.R. bonds, . 6,000 00 7,260 00
204 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA.
11 shares Elmira & Williamsport R.R., .
Pittsburgh, Cincinnati & St. Louis R'y bonds,
New York Car Trust bonds,
United New Jersey R.R. and Canal Co. bonds
Philadelphia & Erie R.R. bonds,
Pennsylvania R.R. bonds,
Junction R.R. Co. bonds, . . . .
Camden & Atlantic R.R. bonds,
Belvidere Delaware R.R. bonds,
Connecting Railway bonds,
264 shares Phila., Germant'n & Norrist'n R.R.
City of Camden bonds, ....
Pennsylvania R.R. bonds,
150 shares United Companies of New Jersey
205 " Germantown Passenger R'y Co.,
Schuylkill River East Side R.R. bonds, .
Pennsylvania Steel Co. bonds, .
Baltimore & Ohio Equipment Asso. bonds,
100 shares 2d and 3d St. Passenger R'y Co.,
Pennsylvania & Northwestern R.R. bonds,
220 shares Pennsylvania R.R. Co., .
Lehigh Valley Railway bonds, .
69 shares N'l B'k of the No'n Liberties, Phila
Lehigh Valley R.R. bonds,
100 shares Solicitors' Loan and Trust Co.,
104 shares North Pennsylvania R.R. Co., .
Phila. City Pass. Railway Co. bonds,
Lombard and South St. Pass. R'y Co. bonds,
20 shares 13th and 15th Sts. Pass. R'y Co.,
Newark Pass. R'y Co. bonds, .
28 shares Bank of North America, Phila.,
10 shares First National Bank of Phila., .
Huntingdon & Broad Top Car Trust Fund,
Northern Central R'y Co. bonds,
50 shares Frankf'd&Southw'kP.C.P.R.R.Co
164 " Union Traction Co., Phila., . •
Electric and People's Traction Trust ctfs.,
Par Value.
$550 00
20,000 00
1,000 00
20,000 00
10,000 00
11,000 00
7,000 00
4,000 00
1,000 00
3,000 00
13,200 00
1,000 00
6,000 00
15,000 00
10,250 00
15,000 00
15,000 00
12,000 00
5,000 00
10,000 00
11,000 00
25,000 00
3,450 00
15,000 00
5,000 00
5,200 00
3,000 00
3,000 00
1,000 00
5,000 00
2,800 00
1,000 00
5,000 00
10,000 00
2,500 00
1,640 00
25,000 00
Market Value.
S473 00
21,900 00
1,000 00
21,400 00
11,800 00
14,500 00
7,490 00
4,180 00
1,060 00
3,330 00
33,000 00
1,140 00
7,080 00
35,700 00
25,625 00
15,450 00
15,000 00
12,000 00
22,600 00
10,250 00
11,385 00
25,250 00
9,315 00
18,562 50
1,500 00
8,684 00
3,210 00
3,000 00
4,750 00
5,350 00-
7,028 00
2,050 00
5,000 00
11,300 00
16,650 00
1,599 00
17,562 50
$361,590 00 $483,284 00
Securities held as collateral for cash loans
100 shares Union Passenger R'y Co.,
1,000 " Union Traction Co., .
21 " Union Passenger R'y Co.,
8 " Girard F. & M. Insurance Co.,
Market Value. Loaned Thereon.
$21,000 00
9,750 00
4,410 00
2,440 00
$15,000 00
7,000 00
2,200 00
1,800 00
$37,600 00 $26,000 00
THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 205
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents, .
Perpetual deposits in other companies, .
Gross assets,
, 1896.
$79,040 00
230,150 00
3,143 75
483,284 00
26,000 00
368 32
28,762 38
65 44
15,256 16
196 66
5,239 26
$871,505 97
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1895
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
$1,633 45
7,665 00
583 00
$9,881 45
2,265 75
$7,615 70
75,927 44
229,017 13
3,384 30
10,166 50
$14,298 93
154,607 81
$168,906 74
15,256 16
$153,650 58
36,033 40
sources,
326,111 07
$545,394 90
400,000 00
$145,394 90
1,261 50
$117,617 18
9,740 58
27,813 77
2,075 62
$157,247 15
* Value of mortgaged premises,
$424,250 00
206
FIREMAN S FUND INSURANCE CO.
Expenditures.
Cash paid for fire losses, . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Deposits returned on perpetual fire risks,
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$82,427 10
5,831 04
$76,596 06
.
24,000 00
.
24,746 38
ees, .
10,811 22
.
5,359 15
.
9,060 65
$12,381 80
.
$150,573 46
JMS.
Premiums.
.$15,293,301 00
$178,742 44
. 13,871,040 00
154,607 81
.$29,164,341 00
. 14,075,836 00
.$15,088,505 00
. 1,894,600 00
.$13,193,905 00
Perpetual risks in force (not incl'd above), . $10,484,167 00
$333,350 25
162,416 53
$170,933 72
19,071 32
$151,862 40
$252,888 27
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, .
12,672,726 00
1,727,700 00
66,987 00
684,408 00
24,000 00
70,100 00
"FIREMAN'S FUND INSURANCE COMPANY," SAN FRANCISCO,
CAL.
[Incorporated May 3, 1883. Commenced business June 18, 1863.]
Paid-up Capital, $1,000,000.
D. J. STAPLES, President. BERNARD FAYMONVILLE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
. $105,000 00 f 124,425 00
100,000 00 106,000 00
15,000 00 17,100 00
Omnibus Cable Railway Co. bonds,
Market Street Railway Co. bonds,
Powell Street Railway Co. bonds,
fireman's FUND INSURANCE CO.
207
Sutter Street Railway Co. bonds,
Presidio & Ferries R.R. Co. bonds, .
San Francisco & North Pacific Railway bonds
United States bonds,
Oakland Gas, Light and Heat Co. bonds,
Stockton Gas and Electric Co. bonds,
San Diego Gas and Electric Light Co. bonds,
Riverside Water Co. bonds,
Baker City, Or., water bonds, .
Pacific Rolling Mills bonds,
Baker City, Or., school bonds, .
Palo Alto, Cal., school district bonds,
San Pascual, Cal., school district bonds, .
Olympic Club bonds, ....
Los Angeles Lighting Co. bonds,
Marin County water bonds,
Independence City, Or., bonds,
2,986 shares Home Mutual Insurance Co.,
110 " Bank of California stock,
187 " First National Bank, S. F., stock
100 " Anglo-California Bank stock,
450 " Oakland Bank of Savings stock,
300 " California Safe Dep. & Trust Co.
340 " Sather Banking Co., .
1,000 " California Street Cable R.R. Co.
440 " Sutter Street R.R. Co., .
200 " Market Street Railway Co., .
100 " San Fran . & San Joaquin Val . R.R
650 " Oakland Gas, Light and Heat Co.,
200 " San Francisco Gaslight Co.,
200 " Pacific Gas Improvement Co.,
450 " Spring Valley Water Co.,
656 " California Dry Dock Co.,
500 " Pacific Rolling Mills stock, .
786 " Stockton Gas and Electric Co.,
450 " San Fran'co & S Joaquin C'l Co.,
100 " Oakland Loan and Building Ass'n,
Par Value.
$50,000 00
37,000 00
20,000 00
25,000 00
50,000 00
32,000 00
20,000 00
20,000 00
17,000 00
13,000 00
20,000 00
15,000 00
6,250 00
5,000 00
5,000 00
5,000 00
3,000 00
298,600 00
11,000 00
18,700 00
5,000 00
22,500 00
30,000 00
34,000 00
100,000 00
44,000 00
20,000 00
10,000 00
42,900 00
30,000 00
20,000 00
45,000 00
65,600 00
50,000 00
23,580 00
15,000 00
3,600 00
Market Value.
155,000 00
37,000 00
20,000 00
29,875 00
53,500 00
32,480 00
20,000 00
20,000 00
17,850 00
13,325 00
21,000 00
15,600 00
6,250 00
5,000 00
5,050 00
5,100 00
3,000 00
600,000 00
26,180 00
34,595 00
6,000 00
29,250 00
32,400 00
25,500 00
108,000 00
44,000 00
8,600 00
10,000 00
34,775 00
19,500 00
18,000 00
43,875 00
24,600 00
11,250 00
11,790 00
15,000 00
3,600 00
.,452,730 00 $1,714,470 00
Securities held as collateral for cash loans : —
50 shares Eagle Canning Company,
500 " Southern Pacific Milling Co.,
200 " Bank of Sonoma County,
18 " California Street Cable R.R. Co.,
68 " Pacific Gas Improvement Co.,
100 " Pacific Tele'h and Telephone Co.,
Market Value. Loaned Thereon.
$1,500 00
37,500 00
22,000 00
1,944 00
6,120 00
4,800 00
$801 65
15,000 do
15,000 00
5,000 00
208
FIREMAN S FUND INSURANCE CO.
City of Albany, Linn County (Or.), bonds,
School Dist No. 1, Clackamas Co. (Or.), bonds,
390 shares Bank of Sonoma County,
1,500 " S. F. & North Pacific R'y Co.,
700 " California Safe Dep. & Trust Co.
2,500 " S. F. and San Joaquin Coal Co.,
333 " Palace Hardware Co , .
150 " California Safe Dep. & Trust Co.
7 " Spring Valley Water Co., .
200 " Alaska Packers' Association,
400 " Sutter Street Railway Co., .
403 " California Dry Dock Co., .
Market Value.
$20,000 00
5,500 00
42,900 00
15,000 00
75,600 00
83,333 33
10,000 00
16,200 00
682 50
20,000 00
40,000 00
15,112 50
Loaned Thereon.
$1,960 90
34,000 00
7,500 00
74,000 00
5,000 00
10,000 00
500 00
10,000 00
24,500 00
7,500 00
1418,192 33 $210,762 55
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Interest clue and accrued, ....
Premiums in course of collection (gross) ,
Bills receivable, not matured, taken for marine
and inland risks,
Due for reinsurance on losses, .
Gross assets,
Deduct special deposits in other States, .
$411,700 00
488,173 59
11,795 39
1,714,470 00
210,762 55
261,361 25
5,850 53
359,750 84
42,090 14
21,699 51
$3,527,653 80
79,875 00
Balance, $3,447,778 80
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reinsurance disallowed, ....
Commissions and brokerage, .
,101 95
103,914 42
7,035 10
$124,051 47
27,902 23
|96,149 24
1,215,988 23
102,397 76
27,960 45
* Value of lands mortgaged, $1,031,500 00
Value of buildings thereon, 288,300 00
Amount of insurance held as collateral, .... 185,250 00
fireman's FUND INSURANCE CO.
209
Voluntary reserve to offset cut rates in Cal ,
Marine bills payable,
Agents 1 credit balances, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$75,000 00
2,808 89
5,020 58
$1,525,325 15
46,107 50
,479,217 65
51,968,561 15
1,000,000 00
,561 15
$64,513 96
436,338 94
$500,852 90
78,6C6 55
$422,246 35
192,563 46
Income.
Fire premiums outstanding Dec. 31, 1895, . $345,478 19
Premiums on risks written or renewed, . . 1,892,589 62
Total, $2,238,067 81
Premiums now in course of collection, . . 323,234 43
Entire premiums collected, .... $1,914,833 38
Less reinsurance and return premiums, . . 516,752 37
Net cash fire premiums received,
Marine premiums outstanding Dec. 31,1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources,
Income from rents,
Gross cash income, . . .
Expenditures
Cash paid for fire losses, , .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and emjDloyees,
for State and local taxes,
for all other payments, .
Gross cash expenditures,-
$1,398,081 01
229,682 89
22,855 07
108,536 61
19,491 69
. $1,778,617 27
,737 89
101,463 46
$210,491 10
65,762 54
$785,274 43
144,728 56
120,000 00
237,911 07
189,724 19
36,659 88
161,642 72
,675,940 b5
210
THE FIREMEN'S INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$210,947,444 00
157,557,366 00
$368,504,810 00
157,439,611 00
$211,065,199 00
20,847,546 00
Premiums.
$2,514,756 60
1,892,589 62
$4,407,346 22
1,898,486 12
$2,508,860 10
267,090 81
$ 190,217,653 00 $2,241,769 29
. $3,897,555 00
. 44,180,858 00
.$48,078,413 00
. 42,109,228 00
.5,969,185 00
1,554,009 00
f 155,162 54
436,338 94
$591,501 48
417,498 71
$174,002 77
54,612 28
Net amount in force, .
t,415,176 00 $119,390 49
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company^ stock owned by directors, ....
$30,108,871 00
15,300,427 00
744,181 00
156,479 00
2,656,060 00
120,000 00
136,900 00
"THE FIREMEN'S INSURANCE COMPANY OF BALTIMORE,"
BALTIMORE, MD.
[Incorporated December, 1825. Commenced business Aug. 2, 1826.]
Paid up Capital, $378,000.
F. E. S. WOLFE, President.
HARRY L. RIALL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $50,000 00 $60,250 00
Maryland State bonds, 30,000 00 31,800 00
Virginia State bonds, 21,550 00 2,155 00
Baltimore city bonds, 160,000 00 168,450 00
THE FIREMEN'S INSURANCE CO.
211
400 shares
100
it
160
u
810
u
200
(C
100
((
4
K
400
«
300
a
100
a
49
((
900
u
Columbus
Sioux
City
500 shares
200
t(
100
it
Nat'l Farmers' & Planters' Bank,
Merchants' National Bank,
National Bank of Baltimore,
National Mechanics' Bank,
Farmers' & Merchants' Natl Bank
People's Bank,
Equitable National Bank,
National Marine Bank, .
Western National Bank, .
First National Bank,
Second .National Bank, .
Citizens' National Bank,
& Cincinnati Railroad bonds,
Term. R.R. & VVhse. Co. stock,
Baltimore City Pass. Railway,
Central Railway Company,
Mercantile Trust & Deposit Co.,
Par Value.
$10,000 00
10,000 00
16,000 00
8,100 00
8,000 00
2,000 00
400 00
12,000 00
6,000 00
10,000 00
4,900 00
9,000 00
5,000 00
10,000 00
12,500 00
10,000 00
5,000 00
Market Value.
$18,400 00
14,600 00
23,040 00
14,985 00
12,400 00
1,900 00
380 00
16,000 00
12,000 00
12,700 00
9,555 00
19,800 00
3,500 00
8,000 00
31,500 00
15,000 00
13,500 00
$400,450 00 $489,915 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Rents due and accrued, ....
Office furniture, etc , . . . $5,198 36
Prem's more than three mos. due, . 1,592 81
Gross assets,
^146,875 00
489,915 00
16,655 30
16,308 45
6,086 16
21,965 51
907 82
$698,713 24
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Dividends to stockholders, unpaid, .
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .....
$7,161 04
11,472 83
186,655 74
1,366 74
4,992 22
3,358 61
10,764 55
225,771 73
$472,941 51
378,000 00
Surplus over capital,
,941 51
212
THE FIREMEN S INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1895, . $25,200 66
Premiums on risks written or renewed, . . 361,796 32
Total, 1386,996 98
Premiums now in course of collection, . . 23,578 32
Entire premiums collected, .... $363,418 66
Less reinsurance and return premiums, . . 95,580 30
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from rents,
Gross cash income,
$267,838 36
18,415 00
6,761 53
$293,014 89
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
$157,144 97
9,401 11
$147,743 86
30,904 92
60,783 81
17,506 00
13,740 41
14,848 83
$285,527 83
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
. $32,669,958 00 f 333,552 26
. 37,622,688 00 361,796 32
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$70,292,646 00 $695,348 58
. 30,311,165 00 302,428 94
.$39,981,481 00 $392,919 64
. 3,416,728 00 37,273 79
.$36,564,753 00 $355,645 85
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
\7 ,570,150 00
3,890,002 00
128,336 00
3,370,129 00
30,240 00
49,230 00
firemen's INSURANCE CO.
213
"FIREMEN'S INSURANCE COMPANY OF NEWARK, N. J.,"
NEWARK, N. J.
[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.]
Paid-up Capital, $600,000.
DANIEL H. DUNHAM, President. A. H. HASSINGER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds $20,000 00 $20,550 00
Morris & Essex Railroad bonds, . . . 50,000 00 69,500 00
Orange & Newark Railroad bonds, . . . 40,000 00 44,000 00
Essex Pass. Railway bonds, .... 24,000 00 26,400 00
Montclair Gas and Water Company bonds, . 5,000 00 5,000 00
North Hudson County R'y Co. bonds, . . 25,000 00 25,500 00
Underwriters' Prot. Asso. bonds, . . . 1,000 00 1,000 00
Suburban Electric Co., Elizabeth, N. J , bonds, 5,000 00 4,900 00
Newark Gas Company bonds, .... 50,000 00 62,500 00
Lehigh Yalley Terminal Railway bonds, . 4,000 00 4,400 00
Newark city water bonds, .... 25,000 00 26,000 00
Atlantic City, N. J., water bonds, . . . 22,000 00 24,860 00
United N. J. Railroad & Canal Co. stock, . 13,900 00 33,082 00
Delaware, Lack. & Western Railroad stock, . 60,000 00 94,800 00
Morris & Essex Railroad stock, . . . 70,000 00 113,400 00
Newark City National Bank stock, . . . 20,000 00 31,000 00
Second National Bank stock, .... 20,000 00 28,000 00
National Newark Banking Company stock, . 20,000 00 33,000 00
National State Bank stock, . . . . 32,500 00 50,375 00
Essex County National Bank stock, . . 20,000 00 60,000 00
German National Bank stock, .... 4,200 00 8,400 00
Manufacturers' National Bank stock, . . 10,000 00 14,400 00
Newark Fire Insurance Company stock, . . 5,000 00 7,250 00
Paterson Gas Company stock, . , . . 10,000 00 12,000 00
Newark Gas Company stock, .... 11,850 00 11,850 00
People's Light and Power Co. stock, . . 28,125 00 36,562 50
Newark & Rosendale Lime and Cement Co., . 4,000 00 2,400 00
,575 00 $851,129 50
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . f 130,203 62
Loans on mortgage of real estate (first liens *) , 1,086,591 00
Interest due or accrued thereon, . . . 16,067 96
Stocks and bonds, as per schedule, . . . 851,129 50
Cash in the office of the company, . . . 1,707 54
Cash deposited in bank, 12,907 95
* Total value of property mortgaged, .
Amount of insurance held as collateral,
52,604,125 00
1,419,725 00
214
firemen's INSURANCE CO.
Interest due and accrued, .... $7,101 00
Premiums in course of collection (gross), . 41,892 75
Rents due and accrued, . . . " . . 328 6Q
Salvage on losses paid, 1,039 35
Prem 1 s more than three mos. due, $779 41
Gross assets,
!,148,969 33
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, . . .
disputed or resisted,
Net amount of unpaid losses, .
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$365 81
9,443 20
4,612 00
274,411 78
1,905 00
500 55
7,860 69
4,711 00
200 52
Surplus over capital, .
304,010 55
.,844,958 78
600,000 00
.,244,958 78
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received 'on mortgages,
Interest and dividends received from all other
Income from rents, .....
Income from all other sources,
Gross cash income,
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
$36,238 51
607 08
$35,631 43
375,543 89
$411,175 32
42,672 16
$368,503 16
42,043 69
sources, .
$140,812 85
1,116 02
$326,459 47
53,086 01
42,039 32
9,700 60
1,255 10
$432,540 50
$139,696 83
FRANKLIN FIRE INSURANCE CO.
215
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
for real estate expenses, .
Gross cash expenditures,
$72,000 00
58,725 67
21,867 96
14,354 42
16,687 49
952 10
$324,284 47
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
.$55,923,171 00 $522,951 43
. 32,767,235 00 375,543 89
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $ 88,690,406 00 $898,495 32
. 32,215,027 00 351,397 91
.$ 56,475,379 00 f 547,097 41
. 1,216,198 00 11,147 58
§55,259,181 00 $535,949 83
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent ),
Company's stock owned by directors, ....
$7,410,809 00
3,545,133 00
126,488 00
1,614,500 00
72,000 00
205,560 00
"FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 22, 1829. Commenced business June, 1829.]
Paid-up Capital, $400,000.
JAMES W. MCALLISTER, President. EZRA T. CRESSON, Secretary.
Detailed Statement of Stocks and Bonds.
City of Springfield, 111., bonds,
City of Sandusky, O., bonds, .
10 shares Philadelphia Bourse stock,
City of Camden, N". J., bonds, .
Pittsburgh, Chartiers & Youghiogheny R.R.,
Pennsylvania R.R. bonds,
Shamokin, Sunbury & Lewisburg R.R., .
Chartiers R'y bonds,
Delaware River Ferry Co. bonds, .
Penna. & New York Canal & R.R. bonds,
Par Value.
$9,000 00
45,000 00
500 00
40,000 00
50,000 00
75,000 00
10,000 00
6,000 00
10,000 00
50,000 00
Market Value.
$9,180 00
49,500 00
100 00
40,000 00
55,000 00
87,000 00
10,200 00
6,720 00
10,100 00
60,500 00
216
FRANKLIN FIRE INSURANCE CO.
Wilmington & Wei don R R. bonds, .
Jacksonville, Louisville & St. Louis R.R.,
Huntingdon & Broad Top R.R.,
50 shares Independence National Bank, .
Philadelphia city bonds, ....
Lehigh Valley R.R. bonds,
Pennsylvania R.R. bonds,
Penna. & New York Canal & R.R. bonds,
Phila., Wilmington & Baltimore R.R.,
Philadelphia & Erie R.R. bonds,
50 shares First National Bank of Philadelphia
Belvidere Delaware R.R.,
City of Quincy, 111., bonds,
100 shares Southwark National Bank,
Gloucester County, N. J., bonds,
Northern Pacific Railroad, . . ' .
Delaware & Bound Brook Railroad bonds,
Chicago & Western Indiana Railroad bonds,
Pennsylvania Railroad Trust Loan, .
Columbus & Cincinnati Midland Railroad,
125 shares Phila., Wilmington & Bait. R.R.,
Baltimore & Potomac Railroad,
West Jersey Railroad bonds, .
Connecting Railroad Co bonds,
Easton & Amboy Railroad bonds, .
Elmira & Williamsport Railroad bonds,
Phila., Wilm. & Balto. R.R. trust certificate,
New York, Lack & Western Railroad bonds,
West Jersey Railroad bonds, .
New York Central Railroad bonds, .
HarrisbV, Portsm'th, Mt. Joy & Lane. R.R.,
Lehigh Coal and Navigation Co. loan,
Northern Central Railroad bonds, .
50 shares Continental Hotel Co. stock,
Steubenville & Indiana Railroad bonds, .
Pennsylvania Salt Manufacturing Co. bonds,
Camden & Atlantic Railroad bonds,
North Central Railroad bonds, . .
Philadelphia & Erie Railroad bonds,
500 shares Mine Hill & Schuylkill Haven R.R.
25 " Penn. Co. for Ins. on Lives, etc.,
Lehigh Valley Coal Co. bonds,
Baltimore & Ohio Railroad bonds, .
Northern Central Railroad bonds, .
River Front Railroad bonds,
Camdeu & Atlantic Railroad bonds,
Borough of Beaver, Pa., bonds,
Philadelphia & Reading Railroad bonds,
Par Value.
$50,000 00
11,000 00
29,000 00
5,000 00
2,200 00
31,000 00
61,000 00
10,000 00
28,000 00
10,000 00
5,000 00
21,000 00
19,000 00
5,000 00
7,000 00
6,000 00
8,000 00
9,000 00
30,000 00
25,000 00
6,250 00
105,000 00
14,000 00
20,000 00
25,000 00
10,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
10,000 00
15,000 00
5,000 00
60,000 00
47,000 00
15,000 00
11,000 00
10,000 00
25,000 00
2,500 00
20,000 00
25,000 00
10,000 00
16,000 00
11,000 00
21,800 00
50,000 00
Market Value.
$51,750 00
3,300 00
30,160 00
6,250 00
2,332 00
38,370 00
80,330 00
10,800 00
28,680 00
10,400 00
10,000 00
21,420 00
19,000 00
10,000 00
7,070 00
6,060 00
8,320 00
9,450 00
32,400 00
15,000 00
7,500 00
126,500 00
15,120 00
21,600 00
26,750 00
10,500 00
25,750 00
33,250 00
29,500 00
25,000 00
26,000 00
10,200 00
16,800 00
7,250 00
66,000 00
47,000 00
17,700 00
11,880 00
11,900 00
27,000 00
12,000 00
19,400 00
25,250 00
10,800 00
16,000 00
11,550 00
22,890 00
51,500 00
FRANKLIN FIRE INSURANCE CO.
217
St. Louis, Vandalia & Terre Haute R.R. bonds,
Pitts., Cincinnati & St. Louis Railroad bonds,
Northern Central Railway bonds, .
Philadelphia & Reading Railroad bonds,
City of Columbus, O., water works bonds,
Lehigh Valley Railroad Company bonds,
Girard Point storage bonds,
Susquehanna Coal Company bonds,
Borough of Sewickly, Pa., school bonds, .
City of Dayton, O., bonds,
Philadelphia & Baltimore Central R.R. bonds,
Monongahela City, Pa., sewer and street bonds,
City of Columbus, O., bonds, .
Jacksonville Southeastern R. W. bonds, .
Baltimore & Ohio Railroad bonds, .
Allegheny Valley Railroad bonds, .
Philadelphia Traction Company bonds, .
Borough of Sewickly, Pa., water bonds, .
Borough of Downingtown, Pa., water bonds,
Lehigh Coal & Navigation Company bonds,
City of Camden, N. J., bonds, .
City of Lancaster, Pa., school bonds,
Penna. & New York Canal & R.R. Co bonds
Lehigh Valley R.R!. Car Trust,
Phila. & Reading Coal and Iron Co. bonds,
Jacksonville, Louisville & St. Louis R.R.,
Wisconsin Central Co.'s receiver's certif.,
Par Value.
$14,000 00
70,000 00
29,000 00
41,000 00
25,000 00
100,000 00
50,000 00
15,000 00
23,500 00
25,000 00
1,000 00
18,000 00
25,000 00
4,000 00
25,000 00
25,000 00
36,000 00
2,000 00
10,000 00
50,000 00
5,000 00
4,000 00
8,000 00
55,000 00
25,000 00
2,750 00
10,000 00
Market Value.
114,280 00
77,000 00
32,600 00
49,200 00
26,000 00
108,050 00
44,000 00
17,700 00
24,675 00
28,300 00
1,050 00
19,440 00
25,500 00
3,000 00
27,500 00
31,500 00
37,080 00
2,100 00
10,500 00
52,000 00
5,000 00
4,160 00
2,850 00
56,100 00
26,250 00
825 00
10,100 00
Securities held as collateral for cash loans : —
Western New York & Penna. R.R. bonds,
Electric & People's Traction Co., .
New York, Phila. & Norfolk R.R., .
Phila & Reading Terminal bonds, .
300 shares Union Traction Co.,
200
200
100
100
100
80
45
25
10
5
Lehigh Valley Railroad Co , .
Phila. & Reading Railroad,
Northern Pacific Railroad,
St. Louis Southwestern Railroad, .
Penna. Heat, Light and Power Co.,
Southern Railway Co., .
Elmira & Williamsport R.R. Co., .
Atchison, Topeka & Santa Fe R.R.,
Hestonville Passenger R'y Co.,
Guarantee Trust & Safe Deposit Co.,
McKeesport & Belle Vernon Railroad, . .
200 shares West End Trust & Safe Deposit Co.,
1,020,500 00 $2,198,742 00
Market Value. Loaned Thereon.
$3,240 00 )
5,600 00
1,025 00
1,100 00
2,925 00
6,150 00
2,650 00
1,400 00 >
350 00
2,500 00
720 00
2,925 00
350 00
600 00
902 50 J
22,500 00 7 0Q
11,000 00 S
218
FRANKLIN FIRE INSURANCE CO.
Electric & People's Traction Co.,
Newark Passenger Railway Co.,
300 shares Philadelphia Traction Co.,
300 " Union Traction Co.,
200 " Choctaw, Oklahoma & Gulf R.R.,
100 " Lehigh Valley Railroad Co., .
100 " Texas & Pacific R R. Co ,
100 " St. Louis Southwestern R.R. Co.,
100 " Penna. Heat, Light and Power Co
Electric & People's Traction Co.,
500 shares United Gas Improvement Co.,
200 " Metropolitan Traction Co., .
100 " Philadelphia Traction Co., .
Consolidation Traction Co., N. J.,
425 shares United Gas Improvement Co.,
30 " Metropolitan Traction Co., .
Mclveesport & Belle Vernon Railroad, .
100 shares West End Trust & Safe Deposit Co
500 " Philadelphia Traction Co.,
150 " Record Publishing Co., .
Record Publishing Co. bonds, .
New York, Phil a. & Norfolk Railroad, .
Lehigh Valley Railroad Co. bonds, .
United Companies of New Jersey bonds,
57 shares 13th and 15th Sts. Pass. R'y Co.,
Market Value.
$34,545 00 ^
1,077 50
20,025 00
2,925 00
1,500 00 )>
3,075 00
850 00
350 00
2,500 00 J
3,500 00 a
36,000 00
21,800 00
6,675 00 J
830 00 >
30,600 00
3,270 00 J
25,000 00 )
5,500 00 \
33,375 00
18,300 00
15,000 00
4,100 00 >
8,615 00
2,240 00 >
13,537 50
Loaned Thereon.
$50,000 00
\ 50,000 00
25,000 00
25,000 00
25,000 00
12,500 00
10,000 00
10,000 00
10,000 00
1,127 50 $267,500 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets, .....
$259,000 00
217,008 00
3,255 12
2,198,742 00
267,500 00
3,243 68
89,566 75
3,636 66
63,489 85
1,105,442 06
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Liabilities.
$16,080 69
7,528 06
6,338 00
$29,946 75
2,959 05
26,987 70
* Total value of property mortgaged,
Amount of insurance held as collateral,
$712,245 00
356,833 00
FRANKLIN FIRE INSURANCE CO.
219
Unearned premiums on outstanding risks,
Reelaimable on perpetual fire policies, .
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$434,793 98
1,164,621 80
220 00
8,691 03
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total, .
Premiums now in course of collection,
Entire premiums collected, . ...
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income,
Expenditures.
Cash paid for fire losses, $271,492 07
Deduct salvage and reinsurance, . . . 19,992 00
Net cash paid for fire losses, ...
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
for repairs on real estate,
Deposits returned on perpetual fire risks, . $40,709 21
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
$65,222 93
542,954 33
$608,177 26
63,489 85
$544,687 41
93,950 27
sources, .
$11,496 10
,635,314 51
,470,127 55
400,000 00
,070,127 55
$450,737 14
13,742 16
118,470 49
10,365 43
$593,315 22
$251,500 07
100,190 00
82,305 18
40,637 45
20,999 19
86,550 57
2,523 53
$584,705 99
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Perpetual risks in force (notincl'd above),
Premiums.
$81,170,323 00 $924,620 49
47,670,089 00 542,954 33
$128,840,412 00 $1,467,574 82
50,103,192 00 581,251 58
178,737,220 00
3,462,950 00
,323 24
38,675 30
$75,274,270 00 $847,647 94
$56,706,473 00 $1,264,688 30
220
GERM AN- AMEBIC AN INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (25 per cent.),
Company's stock owned by directors, ....
130,786,099 00
16,365,523 00
236,978 00
5,484,000 00
100,000 00
12,200 00
GERMAN-AMERICAN INSURANCE COMPANY," NEW YORK, N.Y.
[Incorporated March, 1872. Commenced business March 7, 1872.]
Paid-up Capital, $1,000,000.
EMIL OELBERMANN", President. WM. N. KREMER, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, .
New York City bonds,
Brooklyn city bonds,
St. Louis, Mo., bonds,
Portland, Ore., water bonds,
Atlanta, Ga , bonds, .
Nashville, Tenn., water bonds,
Albany & Susquehanna Railroad bonds,
Chicago, Rock Island & Pacific R.R. bonds,
Chicago, Milwaukee & St. Paul R R. bonds,
Chicago & Northwestern Railroad bonds,
Chicago, Burlington & Quincy R.R. bonds,
Central Pacific Railroad bonds,
Columbus, Hock. Valley & Toledo R.R. bonds
Columbus & Ninth Avenue R.R. bonds, .
Cleveland, C. C. & St. Louis R.R. bonds,
Lexington Avenue & Pavonia Ferry bonds,
Erie Railroad bonds, . . . -
Hannibal & St. Joseph Railroad bonds, .
Little Miami Railroad bonds, .
Louis. & NaSh and Mobile & Monfy bonds,
Louisville & Nashville Railroad bonds, .
Montana Central Railroad bonds, .
New York, N. H. & H. Railroad certificates,
Nashville, Chattanooga & St. Louis R.R. bonds
N. Y., Lackawanna & Western R.R. bonds,
N. Y , Susquehanna & Western R.R. bonds,
New York Central Railroad bonds, .
New York, Chicago & St. Louis R.R. bonds,
Par Value.
$926,000 00
927,784 00
175,000 00
100,000 00
50,000 00
25,000 00
25,000 00
75,000 00
150,000 00
120,000 00
186,000 00
152,000 00
45,000 00
25,000 00
5,000 00
50,000 00
25,000 00
141,000 00
25,000 00
25,000 00
100,000 00
24,000 00
25,000 00
19,500 00
25,000 00
100,000 00
25,000 00
100,000 00
45,000 00
Market Value.
$1,070,742 50
914,617 50
174,500 00
107,000 00
56,500 00
25,500 00
25,000 00
84,562 50
165,500 00
137,775 00
203,660 00
152,920 00
44,820 00
21,875 00
5,800 00
46,000 00
29,000 00
177,632 50
29,500 00
27,500 00
104,000 00
27,840 00
28,125 00
26,520 00
24,937 50
130,000 00
25,000 00
105,500 00
46,575 00
GERM AN- AMERICAN INSURANCE CO.
221
Pennsylvania Company bonds,
St. Paul, Minn. & Manitoba R.R. bonds, .
Syracuse, Binghamton & N. Y. R.R. bonds,
Wabash R.R. bonds, ....
Allegheny Street Railway bonds,
Edison Electric Ilium. Co. of N. Y. bonds,
Minneapolis L. & M. Street Railway bonds,
Troy (N. Y.) City Railway bonds, .
Underwriters 1 Pro. Asso. of Newark, N. J., b'ds
Western Union Telegraph Co. bonds,
Maryland Steel Company bonds,
100 shares Albany & Susquehanna R.R.,
400 " Cleve., Cin ., Chic. & St. Louis R.R
1,000 " Cayuga & Susquehanna R R.,
1,000 " Chic, Milwaukee & St. Paul R.R.,
500 " Chicago & Northwestern R.R.,
200 " De't, Hillsdale & Southw'n R.R.,
1,200 " Morris & Essex R.R., .
2,633 " New York & Harlem R.R., .
490 " N. Y., N. H. & Hartford R.R.,
200 " N. Y., Lackawanna & West'n R.R
2,550 " Pennsylvania R R.,
500 " Rensselaer & Saratoga R.R ,
300 " St. Paul, Minn. & Manitoba,
100 " American Exchange Nat'l Bank,
200 " Central National Bank,
500 " National Bank of Commerce,
400 " Fourth National Bank,
221 " German-American Bank,
1,000 " Consolidated Gas Company,
300 " New York Mutual Gas Light Co.,
700 " Standard Oil Trust, .
Par Value.
$80,000 00
89,000 00
30,000 00
60,000 00
25,000 00
50,000 00
25,000 00
25,000 00
1,000 00
25,000 00
50,000 00
10,000 00
40,000 00
30,000 00
100,000 00
50,000 00
20,000 00
60,000 00
131,650 00
49,000 00
20,000 00
127,500 00
50,000 00
30,000 00
10,000 00
20,000 00
50,000 00
40,000 00
16,575 00
100,000 00
30,000 00
70,000 00
Market Value.
|88,060 00
100,220 00
37,050 00
63,600 00
25,000 00
53,625 00
21,500 00
26,250 00
1,000 00
26,000 00
42,5C0 00
17,000 00
28,800 00
40,500 00
130,500 00
76,000 00
19,400 00
98,100 00
385,734 50
86,975 00
23,600 00
131,325 00
90,500 00
33,600 00
17,100 00
25,000 00
100,000 00
70,000 00
17,901 00
140,000 00
69,000 00
174,650 00
$5,231,009 00 ^6,279,393 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Stocks and bonds, as per' schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,*
Deduct special deposits in other States, .
$ 15,000 00
6,279,393 00
4,835 84
310,826 21
7,307 67
453,060 71
$7,070,423 43
124,150 00
Balance, $6,946,273 43
* Including $500,000 special reserve fund held under New York law.
222
GERMAN- AMERICAN INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Return premiums, ....
Reinsurance, . . . . .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, . . . .
$61,379 72
187,032 25
39,777 40
$288,189 37
12,063 00
$276,126 37
2,575,233 13
29,912 86
89,823 58
2,784 11
89,455 16
$3,063,335 21
90,321 62
Surplus over capital, .
$2,973,013 59
$3,973,259 84
1,000,000 00
$2,973,259 84
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
$418,702 32
4,307 83
$414,394 49
3,623,289 24
$4,037,683 73
453,060 71
Entire premiums collected, .... $3,584,623 02
Less reinsurance and return premiums, . . 950,521 87
Net cash, fire premiums received, . . . $2,634,101 15
Interest and dividends received from all sources, . . . 276,148 92
Income from rents, 1,428 75
Gross cash income, $2,911,678 82
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
$1,594,700 19
229,790 99
$1,364,909 20
GERMAN FIRE INSURANCE CO.
223
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, ....
#200,000 00
471,433 23
172,529 14
76,223 60
231,123 09
$2,516,218 26
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Pkemiums.
Premiums.
$541,825,237 00 $5,330,590 36
369,949,926 00 3,623,289 24
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured, .
Net amount in force, .
$911,775,163 00 $8,953,879 60
361,697,153 00 3,681,265 39
$550,078,010 00 $5,272,614 21
7,752,111 00 87,725 12
$542,325,899 00 $5,184,889 09
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, .
$46,346,573 00
24,489,256 00
1,272,304 00
3,540,000 00
200,000 00
244,400 00
"GERMAN FIRE INSURANCE COMPANY OF THE CITY OF
PITTSBURGH," PITTSBURGH, PA.
[Incorporated March 27, 1862. Commenced business July, 1862.]
Paid-up Capital, $200,000.
A. E. SUCCOP, President. F. L. GROSS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Valne.
First National Bank, Pittsburgh, stock, . . $10,000 00 $17,700 00
Second National Bank, Pittsburgh, stock, . 10,000 00 28,700 00
Third National Bank, Pittsburgh, stock, . . 10,000 00 12,925 00
German National Bank, Pittsburgh, stock, . 10,200 00 31,110 00
Exchange National Bank, Pittsburgh, stock, . 5,000 00 8,250 00
Allegheny National Bank, Pittsburgh, stock, . 5,000 00 6,150 00
M. & M. National Bank, Pittsburgh, stock, . 2,150 00 3,289 50
Metropolitan Natl Bank, Pittsburgh, stock, . 300 00 363 00
Fifth Avenue Bank, Pittsburgh, stock, . - . 500 00 400 00
First National Bank, Allegheny, stock, . . 10,000 00 12,600 00
224
GERMAN FIRE INSURANCE CO.
Second National Bank, Allegheny, stock,
Aleppo township school bonds,
People's Park Passenger Railway bonds,
Securities held as collateral for cash loans :
7 shares German Nat'l Bank, Pittsburgh,
100 " German Sav'gs & Dep. B% Pitts., ,
15 " Allemannia Fire Ins. Co., Pitts.,
Par Value.
$1,500 00
1,800 00
6,000 00
Market Value.
$10,125 00
1,800 00
6,600 00
$75,450 00 $140,012 50
Market Value. Loaned Thereon.
$2,135 00
15,500 00
750 00
$1,000 00
10,000 00
200 00
$18,385 00 $11,200 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *).
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due,
Prem's more than three mos. due, $813 19
Gross assets, . . . . . ,
31, 1896.
$49,200 00
236,260 00
4,692 66
140,012 50
11,200 00
33,772 47
960 44
32,959 28
120 50
$509,177 85
Liabilities.
Losses adjusted, unpaid, . . . .
# $5,998
71
claimed and reported, .
' 4,730
00
disputed or resisted,
3,016
31
Total amount of losses, ....
$13,745
02
Less reinsurance,
2
39
Net amount of unpaid losses, .
$13,742
63
/
Unearned premiums on outstanding risks,
159,795
60
Due and accrued for rent, salaries, etc., .
1,166
15
State and local taxes, ....
780
00
Commissions and brokerage, .
6,163
30
Reinsurance disallowed, .
782
66
Reserved for contingencies, . .
5,000
00
Gross liabilities, except capital,
187,430 34
Surplus as regards policy holders, .
$321,747 51
Paid-up capital,
200,000 00
Surplus over capital,
$121,747 51
t
280,000 00
t
225,250 00
GERMAN FIRE INSURANCE CO.
225
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from commissions,
Gross cash income, .
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for all other expenditures,
Gross cash expenditures,
$26,886 49
247,088 72
$273,975 21
33,772 47
,202 74
45,587 39
sources,
$94,286 05
3,795 02
$194,615 35
12,506 ( 67
5,973 30
2,287 19
1,068 59
$216,451 10
,491 03
20,000 00
48,106 87
9,909 84
7,286 02
15,198 34
$190,992 10
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$27,421,017 00 $334,796 06
19,981,132 00 247,088 72
Total, .....
Deduct risks expired and terminated,
In force at end of year, . ...
Deduct amount reinsured,
Net amount in force,
$47,402,149 00 $581,884 78
21,392,446 00 262,277 92
$26,009,703 00 $319,606 86
475,167 00 6,115 18
,534,536 00 $313,491 68
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.), .
Company's stock owned by directors, . .
54,951,405 00
2,395,893 00
74,649 00
658,000 00
20,000 00
26,350 00
226
GERMANIA FIRE INSURANCE CO.
"GERMANIA FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated March 2, 1859. Commenced business March 2, 1859.]
Paid-up Capital, $1,000,000.
HUGO SCHUMANN, President. CHARLES RUYKHAVER, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds,
Baltimore & Ohio R.R. Co. bonds, .
Chesapeake & Ohio Railway Co. bonds, .
Chic , Rock Island & Pacific R.R. bonds, .
Chicago & Northwestern Railway Co. bonds,
Cleve., Col., Cin. & Indianapolis R.R. bonds,
Denver & Rio Grande Railroad bonds, .
Dry Dock, East B'way & Battery R.R. bonds,
Fargo & Southern Railway bonds, .
Flint & Pere Marquette Railroad bonds, .
Georgia State bonds, ....
Harlem River & Port Chester Railroad bonds
Kentucky Central Railway bonds, .
Lono; Island Railroad bonds, .
Michigan Central Railroad bonds, .
Milwaukee & Northern Railroad bonds, .
Milwaukee & St. Paul Railway bonds, .
Mississippi State bonds, ....
Morris & Essex Railroad bonds,
N. Y., Brooklyn & Manhattan Beach R'y bonds
Pennsylvania Company bonds,
Richmond city bonds, ....
Rome, Watertown & Ogdensburg R.R. bonds,
St. Paul, Minn. & Manitoba Railway bonds,
St. Paul & Northern Pacific Railroad bonds,
Third Avenue Railroad Company bonds,
Underwriters 1 Protective Asso. of Newark,
Union Elevated Railroad, Brooklyn, bonds,
Commercial Cable Co., stock, .
Consolidated Gas Company stock, .
Broadway & Seventh Avenue Railroad stock
Chicago & Alton R.R. stock,
Chicago, Milwaukee & St. Paul R.R. stock,
Chicago & Northwestern Railway Co. stock,
Chic, St. Paul, Minn. & Omaha R'y stock,
Delaware & Hudson Canal Company stock,
German-American Bank stock,
Lake Shore & Michigan Southern R'y stock,
National Park Bank stock,
N. Y. Central & Hudson River R.R. stock,
Par Value.
$950,000 00
50,000 00
30,000 00
25,000 00
36,000 00
25,000 00
25,000 00
10,000 00
20,000 00
25,000 00
25,000 00
10,000 00
25,000 00
15,000 00
20,000 00
25,000 00
15,000 00
20,000 00
5,000 00
25,000 00
50,000 00
52,100 00
35,000 00
25,000 DO
16,000 00
25,000 00
1,000 00
15,000 00
10,000 00
60,000 00
30,000 00
60,000 00
60,000 00
60,000 00
45,000 00
60,000 00
9,375 00
60,000 00
5,000 00
60,000 00
Market Value.
,055,500 00
45,000 00
29,400 00
32,750 00
39,960 00
31,000 00
22,500 00
11,300 00
22,000 00
21,000 00
24,500 00
11,000 CO
21,750 00
17,850 00
23,200 00
29,250 00
19,200 00
20,000 00
5,650 00
25,500 00
55,500 00
52,100 00
40,775 00
26,250 00
19,840 00
30,750 00
1,000 00
10,875 00
16,500 00
82,800 00
58,500 00
96,600 00
78,000 00
90,000 00
58,950 00
69,000 00
10,125 00
90,000 00
13,000 00
55,200 00
GERMANIA FIRE INSURANCE CO.
227
Pennsylvania Railroad stock, ....
Pullman's Palace Car Co. stock,
Rome, Watertown & Ogdensburg R.R. stock, .
Western Union Telegraph Company stock, .
Par Value.
&5 1,000 00
20,000 00
60,000 00
50,000 00
Market Value.
$52,530 00
30,000 00
70,800 00
41,500 00
$2,300,475 00 $2,658,905 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $616,312 63
Loans on mortgage of real estate (first liens *), 346,000 00
Interest due or accrued thereon, . . . 7,084 99
Stocks and bonds, as per schedule, . . . 2,658,905 00-
Cash in the office of the company, . . . 3,044 54
Cash deposited in bank, 83,522 85
Interest due and accrued, ..... 2,500 00
Premiums in course of collection (gross), . 199,006 74
Rents, 4,683 97
In hands of department managers, . . . 23,690 55
Gross assets, ....
Deduct special deposits in other States,
Balance, $3,868,151 27
1,944,751 27
76,600 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding
Interest due on mortgage,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, .
risks,
Surplus over capital,
$31,777 09
27,846 86
12,455 00
$72,078 95
4,195 53
$67,883 42
1,314,673 24
1,075 00
28,493 46
52,307 36
a,464,432 48
16,296 50
1,448,135 98
$2,420,015 29
1,000,000 00
$1,420,015 29
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$240,250 00
419,500 00
349,500 00
228
GERMANIA FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total, .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources,
Gross cash income,
),734 67
1,588,787 83
$1,779,522 50
200,239 70
11,579,282 80
485,151 51
- $1,094,131 29
14,787 38
133,304 22
. $1,242,222 89
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, ....
|532,314 00
92,658 83
$439,655 17
100,000 00
178,668 39
122,570 27
27,538 87
83,924 00
$952,356 70
Fire risks outstanding Dec. 31, 1895, .
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$311,587,846 00 $2,676,307 86
187,856,571 00 1,588,787 83
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
$499,444,417 00 $4,265,095 69
181,872,677 00 1,531,519 85
$317,571,740 00 $2,733,575 84
18,277,894 00 178,119 53
$299,293,846 00 $2,555,456 31
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$30,676,804 00
15,365,840 00
431,791 00
2,801,000 00
100,000 00
188,950 00
GIRAKD FIRE AND MARINE INSURANCE CO.
229
"GIRARD FIRE AND MARINE INSURANCE COMPANY,"
PHILADELPHIA, PA.
[Incorporated March, 1853. Commenced business May, 1853.]
Paid-up Capital, $300,000.
ALFRED S. GILLETT, President. EDWIN F. MERRILL, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, .
Louisville city bonds,
St. Louis county bonds,
Seattle city bonds,
Georgia State bonds,
Minnesota school bonds,
Norfolk & Western Railroad Car Trust,
Connecting Railroad bonds,
Pennsylvania Railroad Company bonds,
Phila., Wilmington & Baltimore R.R. bonds,
Pitts., Cin., Chic. & St. Louis R.R. Co. bonds,
Pennsylvania Railroad Co. stock,
Lehigh Coal & Navigation Co. stock,
Lehigh Valley R.R. stock,
Delaware Railroad Company bonds,
Phila. & Reading Railroad bonds, .
Lehigh Coal & Navigation Company bonds,
North Pennsylvania Railroad bonds,
Lehigh Valley Railroad Company bonds,
Philadelphia & Darby Pass. Railroad Co ,
Zanesville & Ohio Railroad bonds, .
Lower Merion Gas Company bonds,
Holmesburg Water Company bonds,
Hutchinson Water, Light and Power Co. bonds
Philadelphia Bourse stock,
Borough Ridley Park bonds,
Lynn & Boston R.R., . . .
Camden city bonds,
Girard Fire and Marine Ins. Co., f 36,652 00
Par Value.
$72,000 00
10,000 00
10,000 00
50,000 00
25,000 00
7,000 00
15,000 00
10,000 00
10,000 00
70,000 00
10,000 00
15,000 00
5,000 00
15,000 00
6,000 00
2,000 00
11,000 00
5,000 00
20,000 00
2,250 00
10,000 00
8,000 00
1,000 00
12,000 00
1,000 00
4,000 00
25,000 00
20,000 00
Market Value.
$80,280 00
11,800 00
11,700 00
53,000 00
27,437 50
7,105 00
15,000 00
11,200 00
13,250 00
72,100 00
10,900 00
15,525 00
-4,100 00
9,225 00
6,435 00
645 00
11,220 00
6,100 00
19,800 00
1,485 00
2,000 00
8,166 67
1,000 00
6,000 00
200 00
4,100 00
25,604 17
20,466 66
151,250 00 $455,845 00
Securities held as collateral for cash loans :
Allegheny Valley R.R. Co. bond,
Notes secured by real estate, .
Market Value.
$1,250 00
29,500 00
Loaned Thereon.
$600 00
16,000 00
$30,750 00 $16,600 00
230
GIRARD FIRE AND MARINE INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
All other admitted assets, ....
Gross assets,
31, 1896.
$328,844 35
844,310 00
17,939 64
455,845 00
16,600 00
10,643 66
147,730 32
196 97
114,526 21
9,501 55
L,946,137 70
Liabilities.
Losses claimed and reported,
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Due and accrued for rent, salaries, etc., .
State and local taxes,
Commissions and brokerage,
Return premiums, . ■,
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$26,415 82
7,987 50
$34,403 32
240 50
t,162 82
385,808 43
574,499 93
1,598 36
1,883 85
28,330 55
9,312 37
3,012 82
4,641 43
1,043,250 56
$902,887 14
300,000 00
$602,887 14
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
$130,849 56
546,376 98
7,226 54
114,526 21
$562,700 33
96,055 17
,645 16
46,886 07
* Total value of property mortgaged,
Amount of insurance held as collateral,
$2,355,843 00
361,890 00
GLENS FALLS INSURANCE CO.
231
Interest and dividends received from all other sources,
Income from rents, ........
Assignments and surveys,
Deposits received for perpetual fire risks,
,612 02
Gross cash income,
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, ....
Risks and Premiums.
825,763 89
5,757 58
831 50
$545,884 20
$182,387 46
12,314 88
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$101,634,406 00
. 49,505,808 00
$151,140,214 00
. 45,925,954 00
$105,214,260 00
. 3,998,739 00
$170,072 58
66,000 00
97,160 75
59,292 09
16,492 10
30,260 49
$439,278 01
Premiums.
$1,379,829 38
546,376 98
$1,925,706 36
492,640 65
11,433,065 71
40,743 35
$101,215,521 00 $1,392,322 36
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (22 per cent.) ,
Company's stock owned by directors, . . .
$12,270,067 00
5,052,025 00
174,363 00
1,791,196 00
66,000 00
35,300 00
"GLENS FALLS INSURANCE COMPANY," GLENS FALLS, N. Y.
[Incorporated May, 1849. Commenced business May, 1850.]
Paid-up Capital, $200,000.
J. L. CUNNINGHAM, President. R. A. LITTLE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value, Market Value.
$200,000 00 $232,000 00
100,000 00 111,000 00
50,000 00 55,000 00
N. Y. Central & Hudson River R.R. bonds,
New York & Harlem Railroad bonds,
Lake Shore & Michigan So. Railroad bonds,
232
GLENS FALLS INSURANCE CO.
Syracuse, Bing. & New York Railroad bonds,
Morris & Essex Railroad bonds,
West Shore Railroad bonds,
Hudson River Pulp and Paper Co. bonds,
Georgia State bonds, ....
Richmond city bonds, ....
First National Bank, Glens Falls, stock, .
International Loan & Trust Company bonds,
Gould Paper Company bonds, .
German Trust Co., Davenport, la., bonds,
''Glens Falls Paper Mills Company bonds,
Cleveland Trust Company stock,
Mt. Kisco National Bank stock,
Glens Falls National Bank stock,
Securities held as collateral for cash loans
Morris & Essex Railroad bonds,
Par Value.
$53,000 00
50,000 00
50,000 00
300,000 00
25,000 00
11,000 00
10,000 00
147,260 79
150,000 00
125,000 00
240,000 00
5,000 00
5,000 00
2,500 00
Market Value.
$65,190 00
68,500 00
50,000 00
300,000 00
25,000 00
10,230 00
20,000 00
147,260 79
150,000 00
125,000 00
240,000 00
6,000 00
5,000 00
5,000 00
.,523,760 79 $1,615,180 79
Market Value. Loaned Thereon.
$4,110 00 $4,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Rents,
Bills receivable,
Prem's more than three mos. due, $2,253 59
Gross assets,*
Deduct special deposits in other States, .
Balance, $2,853,365
31, 1896.
$56,850 00
938,708 81
6,268 23
1,615,180 79
4,000 00
7,579 88
161,454 47
14,711 22
82,045 39
150 00
1,647 10
1,888,595 89
35,230 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
$12,818 49
20,374 00
6,559 25
$39,751 74
4,551 06
$35,200 68
* Including $200,000 special deposit held under New York law.
GLENS FALLS INSURANCE CO.
233
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital,
$928,110 49
10,000 00
12,624 63
9,566 94
,502 74
8,839 42
Surplus over capital,
$986,663 32
1,866,702 57
200,000 00
1,666,702 57
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,. . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income,
), . $90,601 00
1,684 86
$88,916 14
. 1,028,241 74
. $1,117,157 88
84,298 98
. $1,032,858 90
154,689 35
$878,169 55
53,652 60
91,627 75
1,693 01
other sources, .
$1,025,142 91
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees
for State and local taxes,
for general expenses,
$404,575 33
25,053 11
$379,522 22
40,000 00
175,065 35
63,182 84
41,713 16
65,362 64
Gross cash expenditures,
$764,846 21
234
GLOBE FIRE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$158,314,227 00
93,742,886 00
Premiums.
51,724,175 15
1,028,241 74
$252,057,113 00 12,752,416 89
81,298,483 00 884,211 05
$170,758,630 00 $1,868,205 84
7,214,088 00 98,789 49
$163,544,542 00 $1,769,416 35
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (20 per cent.),
Company's stock owned by directors,
,171,107 00
7,392,884 00
406,967 00
680,000 00
40,000 00
75,040 00
"GLOBE FIRE INSURANCE COMPANY," NEW YORK.
[Incorporated March, 1863. Commenced business March, 1863.]
Paid-up Capital, $200,000.
E. C. JAMESON", President. WM. VALENTINE, Secretary.
Detailed Statement of Stocks
United States bonds,
New York City dock bonds,
District of Columbia bonds,
Broadway & Seventh Avenue R.R. bonds
Chicago & Erie R.R. bonds,
Brooklyn city bonds,
Wabash R.R. bonds, ....
Oregon Short Line R'y bonds, .
400 shares New York & Harlem R.R.,
100
100
250
100
100
Delaware & Hudson Canal Co.,
N. Y. Cent. & Hudson River R.R.,
Consolidated Gas Co., New York,
Chicago & Northwestern R.R.,
Brooklyn Union Gas Co.,
and Bonds.
Par Value.
$168,000 00
26,000 00
25,000 00
5,000 00
10,000 00
20,000 00
10,000 00
10,000 00
20,000 00
10,000 00
10,000 00
25,000 00
10,000 00
10,000 00
Market Value.
5,775 00
26,000 00
27,500 00
5,850 00
11,000 00
20,560 00
10,600 00
11,100 00
59,000 00
11,600 00
9,300 00
34,750 00
10,200.00
8,500 00
$359,000 00 $432,735 00
GLOBE FIRE INSURANCE CO.
235
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens*), $48,000 00
Interest due or accrued thereon, . . . 202 07
Stocks and bonds, as per schedule, . . . 432,735 00
Cash in the office of the company, . . . 156 47
Cash deposited in bank, 27,721 48
Premiums in course of collection (gross), . 165,514 64
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$34,169 00
42,439 00
5,400 00
301,514 96
45,978 07
1,048 36
2,075 07
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources,
Gross cash income, -
),676 29
747,190 07
$807,866 36
165,514 64
$642,351 72
150,044 66
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
. for general expenses,
Gross cash expenditures, ....
$205,109 35
15,381 46
$674,329 66
432,624 46
$241,705 20
200,000 00
$41,705 26
$492,307 06
1,605 00
15,339 40
$509,251 46
,727 89
150,305 42
3,550 00
5,270 43
1,068 68
$349,922 42
* Value of lands mortgaged, . . . . ' . . . $52,000 00
Value of buildings thereon, . . . - . . . . 45,000 00
Amount of insurance held as collateral, .... 44,500 00
236
GRANITE STATE FIRE INSURANCE CO.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
. f24,471,912 00 $244,040 00
. 65,542,850 00 747,190 07
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
,014,762 00 $991,230 07
35,275,450 00 395,893 23
. $54,739,312 00 $595,336 84
191,250 00 1,928 67
.$54,548,062 00 $593,408 17
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
53,365,462 00
1,641,502 00
240,470 00
630,000 00
30,550 00
"GRANITE STATE FIRE INSURANCE COMPANY,"
PORTSMOUTH, N. H.
[Incorporated July 17, 1885. Commenced business Nov. 12, 1885.]
Paid-up Capital, $200,000.
FRANK JONES, President. ALFRED F. HOWARD, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
City of Manchester, N. H., bonds, . . . $100,000 00 $106,000 00
County of Hillsboro, N. H., bonds, . . . 10,000 00 10,850 00
Town of Harrisville, N. H., bonds, . . . 15,000 00 16,050 00
Palouse City, Wash., water bonds, . . . 4,800 00 5,520 00
St. Cloud Gas and Electric Co. bonds, . . 10,000 00 10,000 00
Nashua Card and Glazed Paper Co. bonds, . 5,000 00 5,000 00
Front St. Cable R'y Co., Seattle, Wash., bonds, 12,000 00 12,000 00
Eastman Freight Car Heater Co. bonds, . . 26,000 00 26,000 00
Fort Plain, N. Y., Water Co. bonds, . . 10,000 00 10,000 00
Nat'l Loan and Trust Co., Kan. City, Mo., b'ds, 2,500 00 2,500 00
New Hampshire Trust Co. bonds, . . . 10,800 00 8,640 00
Chippewa Falls Water Works Co. bonds, . 9,000 00 9,000 00
Columbia County, Wash., bonds, . . . 6,000 00 7,200 00
123 shares Boston & Maine Railroad, . . . 12,300 00 20,049 00
Tacoma Traction Co. bonds, .... 2,36190 2,36190
1 share Worcester, Nashua & Roch'ter R.R., 100 00 125 00
50 shares Wolfboro' Loan and Banking Co., . 5,000 00 5,250 00
133 " Dover Gas Light Co., . . . 3,325 00 3,591 00
50 " Intern 1 ! L. & T. Co., Kan. City, Mo., 5,000 00 3,000 00
$249,186 90 |263,136 90
GRANITE STATE FIRE INSURANCE CO.
237
Securities held as collateral for cash loans : —
40 shares Indian Head N'l B'k, Nashua, N. H.,
Portsmouth, Gt. Falls & Conway R R bonds,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Due for rents, . ...
Due for reinsurance on losses, .
Gross assets,
Market Value.
$3,335 00
1,150 00
Loaned Thereon.
$4,000 00
31, 1896.
$25,300 00
38,580 00
518 10
263,136 90
4,000 00
2,513 56
57,027 01
1,907 75
42,910 00
405 91
230 62
$436,529 85
Liabilities.
Losses adjusted, unpaid, $13,249 06
claimed and reported, .... 8,026 72
disputed or resisted, . . . . 3,500 00
Total amount of losses $24,775 78
Less reinsurance, ...... 3,430 41
Net amount of unpaid losses, .... $21,345 37
Unearned premiums on outstanding risks, . 161,510 62
Commissions and brokerage, .... 5,148 37
Return premiums, 2,078 01
Reinsurance 4,899 17
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, . . . .
Surplus over capital, .
Income.
Eire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, ,
Net cash fire premiums received,
>,601 83
409,873 81
,475 64
42,910 00
$417,565 64
94,660 88
194,981 54
$241,548 31
200,000 00
$41,548 31
$322,904 76
* Value of lands mortgaged, ...
Value of buildings thereon,
Amount of insurance held as collateral,
$52,475 00
41,425 00
30,325 00
238
THE GREENWICH INSURANCE CO.
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents, . .
$3,146 44
11,908 32
410 34
Gross cash income, . . . . . . . . $338,369 86
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, ....
$229,677 10
45,976 39
,700 71
12,000 00
56,919 23
9,250 00
6,059 30
25,351 86
$293,281 10
Risks and Premiums.
. Premiums.
Fire risks outstanding Dec. 31, 1895, . . $37,614,888 00 $446,631 03
Fire risks written during 1896, . . . 29,584,217 00 409,873 81
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
,199,105 00 $856,504 84
30,271,256 00 406,820 82
. $36,927,849 00 $449,684 02
. 10,373,728 00 140,280 92
,554,121 00
,403 10
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
(5,215,804 00
2,350,323 00
179,974 00
84,000 00
12,000 00
125,100 00
"THE GREENWICH INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated May 5, 1834. Commenced business Jan. 1, 1835.]
Paid-up Capital, $200,000.
MASON A. STONE, President. WALTER B. WARD, Ass't Secretary:
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States government bonds, . . . |46,500 00 $51,382 50
District of Columbia bonds, .... 125,000 00 136,875 00
Harlem River & Port Chester R.R. bonds, . 10,000 00 11,000 00
THE GREENWICH INSURANCE CO.
239
N. Y. Central & Hudson River R.R. bonds,
Albany & Susquehanna Railroad bonds, .
The Oswego & Syracuse Railroad bonds,
Buffalo & Erie Railroad bonds,
State of Georgia bonds, ....
Rome, Watertown & Ogdensburg R.R. bonds
Consolidated Gas Company of N. Y. stock,
Rensselaer & Saratoga Railroad Co. stock,
The Valley Railroad stock,
National Broadway Bank stock,
Delaware & Hudson Canal Co. stock,
New York, Lack. & Western R.R. stock, .
Chicago & Northwestern R'y Co. stock, .
Par Value.
$60,000 00
80,000 00
53,000 00
9,500 00
25,000 00
5,000 00
100,000 00
60,000 00
35,000 00
17,500 00
60,000 00
25,000 00
30,000 00
Market Value.
$69,900 00
93,600 00
57,240 00
9,975 00
25,000 00
5,925 00
138,750 00
108,000 00
39,200 00
39,375 00
69,600 00
29,500 00
45,600 00
Securities held as collateral for cash loans :
10 shares Canada Southern Railway Co.,
$741,500 00 $930,922 50
Market Value.
$450 00
Loaned Thereon.
$400 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
PrenVs more than three mos. due, $12,160 03
Gross assets,
Deduct special deposits in other States, .
31, 1896.
$200,000 00
930,922 50
400 00
10,053 82
58,497 97
154,930 82
24,411 46
Balance,
:,379,216 57
36,050 00
,343,166 57
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, . . .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
State and local taxes, ....
Commissions and brokerage, .
$8,216 34
151,218 98
32,856 86
$192,292 18
15,837 44
$176,454 74
689,014 82
931 50
2,500 00
24,000 00
240
THE GREENWICH INSURANCE CO.
Return premiums, etc., . .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital,
$1,703 15
14,201 53
,805 74
32,286 09
$876,519 65
$466,646 92
200,000 00
$266,646 92
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, . . .
Expenditures
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for tire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
$201,508 92
1,429 86
$200,079 06
1,051,739 50
$1,251,818 56
159,879 13
$1,091,939
209,493
43
79
$4,273 59
572 26
$3,701
138,469
33
33
$142,170 66
7,211 72
$134,958 94
17,613 07
$882,445 64
117,345 87
34 46
sources, . . 44,764 77
17,030 06
. $1,061,620 80
$537,429 46
43,743 27
$148,693 20
33,688 25
$493,686 19
115,004 95
THE GREENWICH INSURANCE CO,
241
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, ....
$ 20,000 00
184,615 17
109,994 89
15,919 15
85,719 48
$1,024,939 83
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$240,820,993 00 $1,501,445 44
. 138,687,495 00 1,051,739 50
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
$379,508,488 00 $2,553,184 94
. 144,948,055 00 1,120,971 85
$234,560,433 00 $1,432,213 09
. 18,657,190 00 112,727 24
$215,903,243 00 $1,319,485 85
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$2,558,971 00 $81,338 18
41,585,496 00 138,469 33
$44,144,467 00 $219,807 51
42,145,979 00 153,956 86
,998,488 00 $65,850 65
104,600 00 4,079 88
:,893,888 00 $61,770 77
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, ;
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$17,264,469 00
. 10,720,122 00
494,066 00
98,992 00
. 2,108,000 00
20,000 00
77,875 00
242
HANOVER FIRE INSURANCE CO.
"HANOVER FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April, 1852. Commenced business April, 1852 J
Paid-up Capital, $1,000,000.
I. REMSEN LANE, President. CHARLES L. ROE, Secretary.
Detailed Statement of Stocks
United States bonds, ....
State of Georgia bonds, .
City of Richmond, Va., bonds, .
Kansas Pacific Railway Co. bonds, .
Flint & Pere Marquette R.R. bonds,
Cincinnati & Springfield Railway bonds,
Central Railroad Co. of New Jersey bonds,
Milwaukee and Northern Railroad bonds,
Chicago, Milwaukee & St. Paul R'y bonds,
Louisville, New Albany & Chicago R'y bonds
Pennsylvania Company bonds,
Flint & Pere Marquette R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
N. Y., New Haven & Hart. R,R. certificates,
Cin., Indianapolis, St. Louis & Chic. R'y bonds
Brooklyn City R R. bonds,
Lehigh Valley Terminal Co bonds,
Chicago, Rock Island & Pacific R'y bonds,
New York city water stock,
New York city bonds, ....
100 shares Rensselaer & Saratoga Railroad
310 '
220
210
500
1,000
200
350
191
500
400
1,600
250
500
100
220
250
75
150
36
Rome, Watcrt'n & Ogdensb. R R.
Chicago, Burl. & Quincy R.R.,
Chic, Rock Island & Pacific R'y
Chicago & Northwestern R'y,
N. Y. Cent. & Hudson River R R.
St. Paul, Minn. & Manitoba R'y
Chicago & Northwestern R'y,
Syracuse, Bing. & N. Y. R R ,
Cleve.,Cin., Chic. & St. Louis R'y
Lake Shore & Mich. South. R'y,
Pennsylvania Railroad Co , .
Chic , Milwaukee & St. Paul R'y
Beech Creek Railroad Co., .
Chicago & Alton Railroad, .
Illinois Central Railroad,
Pittsb'gh, F't Wayne & Chi. R.R.
Metropolitan National Bank,
American Exchange Nat'l Bank
Western Nat'l Bank, New York
and Bonds.
Par Value.
$83,000 00
25,000 00
50,000 00
50,000 00
30,000 00
19,000 00
75,000 00
5,000 00
20,000 00
15,000 00
36,000 00
30,000 00
25,000 00
50,000 00
25,000 00
25,000 00
20,000 00
20,000 00
160,000 00
175,000 00
10,000 00
34,000 00
22,000 00
21,000 00
50,000 00
100,000 00
20,000 00
35,000 00
19,100 00
50,000 00
40,000 00
80,000 00
25,000 00
25,000 00
10,000 00
22,000 00
25,000 00
7,500 00
15,000 00
3,600 00
Market Value.
$90,022 50
27,550 00
53,750 00
33,000 00
34,800 00
20,912 50
88,875 00
5,850 00
22,200 00
12,000 00
39,960 00
25,500 00
24,500 00
68,250 00
24,250 00
28,750 00
21,950 00
20,925 00
155,600 00
168,250 00
18,100 00
40,120 00
15,372 50
13,807 50
51,000 00
91,000 00
23,200 00
53,200 00
31,515 00
37,000 00
60,800 00
83,000 00
32,750 00
25,000 00
16,400 00
20,900 00
40,000 00
75 00
25,950 00
4,212 00
HANOVER FIRE INSURANCE CO.
243
75 shares The Bank of America, .
1,000 " Consolidated Gas Co., New York,
550 " Western Union Telegraph Co., .
Securities held as collateral for cash loans : —
Brooklyn City Railroad bonds, ....
Flint & Pere Marquette Railroad bonds, .
20 shares Western Union Telegraph Co ,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, . . .
Reinsurance due,
Prem's more than three mos. due, . $6,523 90
Gross assets, .....
Deduct special deposits in other States, .
Par Value.
$7,500 00
100,000 00
55,000 00
Market Value.
$24,750 00
140,500 00
45,787 50
Balance,
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
[,714,700 00 $1,864,334 50
Market Value. Loaned Thereon.
$1,150 00n
1,700 00 i $4,000 00
1,665 00 )
31, 1896.
$450,000 00
7,000 00
29 16
1,864,334 50
4,000 00
62,944 80
20,191 56
12,940 00
170,989 56
1,127 50
2,244 77
2,595,801 85
80,012 50
1,515,789 35
$67,060 51
61,733 35
18,882 33
$147,676 19
2,754 82
$144,921 37
1,140,098 23
29,525 04
$1,314,544 64
36,531 93
1,278,012 71
$1,237,776 64
1,000,000 00
$237,776 64
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$11,000 00
7,000 00
7,000 00
244
HANOVER FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1895
Same not collected, ....
Net collected, . . . .
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income, .
,374 10
12,187 54
$181,186 56
1,791,511 50
$1,972,698 06
177,513 46
$1,795,184 60
280,314 48
sources,
L,514,870 12
704 10
80,474 39
14,471 57
1,610,520 18
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, ....
$920,514 20
64,322 07
$856,192 13
70,000 00
274,141 53
143,058 09
37,780 60
127,711 73
. $1,508,884 08
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
1202,367,342 00 $2,316,116 98
. 152,750,333 00 1,791,511 50
Total, . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$355,117,675 00 $4,107,628 48
150,364,547 00 1,770,253 35
$204,753,128 00 $2,337,375 13
. 11,269,261 00 130,270 61
Net amount in force, .
$193,483,867 00 $2,207,104 52
HARTFORD FIRE INSURANCE CO. 245
Miscellaneous.
Premiums received from organization of company, . $30,381,611 00
Losses paid from organization of company, .... 17,164,315 00
Fire losses incurred during the year, 814,538 00
Cash dividends declared from organization of company, . 2,549,500 00
Dividends declared during the year (7 per cent.), . . . 70,000 00
Company's stock owned by directors, 151,750 00
"HARTFORD FIRE INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated May, 1810. Commenced business August, 1810.]
Paid-up Capital, $1,250,000.
GEORG-E L. CHASE, President. P. C. ROYCE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
315 shares iEtna National Bank, Hartford, . $31,500 00 $45,675 00
300 " American Nat'l Bank, Hartford, . 15,000 00 25,500 00
200 " Charter Oak Natl B'k, Hartford, 20,000 00 20,000 00
166 " City Bank, Hartford, . . . 16,600 00 17,430 00
100 " Conn. River B'k'g Co , Hartford, . 3,000 00 4,500 00
274 " Conn. Trust and Safe Dep. Co., Ht., 27,400 00 45,210 00
122 " Farm. & Mech. N'l B'k, Hartford, 12,200 00 14,030 00
172 " First National Bank, Hartford, ., 17,200 00 19,264 00
556 " Hartford Nat'l Bank, Hartford, . 55,600 00 78,952 00
150 " Mercantile Nat 1 ! Bank, Hartford, 15,000 00 13,500 00
40 " Nat'l Exchange Bank, Hartford, . 2,000 00 2,600 00
467 " Phoenix National Bank, Hartford, 46,700 00 58,375 00
100 " State Bank, Hartford, . . . 10,000 00 11,000 00
200 " American Ex. Nat'l Bank, N. Y., . 20,000 00 34,600 00
150 " Bank of America, New York, . 15,000 00 48,000 00
100 " Bank of North America, N. Y., . 7,000 00 9,100 00
300 " Imp. and Traders' N'l B'k, N. Y., 30,000 00 162,000 00
200 " Manhattan Co. Bank, New York, 10,000 00 21,000 00
334 " Merchants' National Bank, N. Y., 16,700 00 22,545 00
225 " Metropolitan Nat'l Bank, N. Y., . 22,500 00 1,500 00
100 " National B'k of Commerce, N. Y., 10,000 00 20,300 00
39 " Atlantic National Bank, Boston, . 3,900 00 4,290 00
70 " Blackstone Nat'l Bank, Boston, . 7,000 00 6,090 00
125 " Boylston National Bank, Boston, . 12,500 00 15,625 00
100 " First National Bank, Boston, . 10,000 00 23,500 00
24 " Hide & Leather N'l Bank, Boston, 2,400 00 2,616 00
32 " Nat'l B'k of Commerce, Boston, . 3,200 00 3,616 00
109 " Second National Bank, Boston, . 10,900 00 19,620 00
50 " First National Bank, Albany, . 5,000 00 8,000 00
246
HARTFORD FIRE INSURANCE CO.
43- 1
to 3
710
770
1,050
220
1,000
120
20
500
1,875
500
200
500
150 shares Bank of Montreal, Montreal,
Ontario Bank, Bowmanville,
Chicago, Burl. & Quincy R R.,
Chic , Milwaukee & St. Paul R.R.
Chicago & Northwestern R R.,
Chic, Rock Island & Pacific R.R.
Conn. & Passumpsic Rivers R R.
Connecticut River Company,
Connecticut River Railroad Co.,
N. Y.Cent & Hudson River R.R.
• N. Y., N. H. & Hartford R.R.,
Northwest Telegraph Company,
Union Pacific Railroad Company
N. Y., Lack. & Western R.R.,
Albany & Susquehanna Railroad bonds, .
Alabama State bonds, ....
Brooklyn Wharf and Warehouse Co. bonds,
Baltimore & Ohio Railroad certificates, .
Baltimore Belt Railroad bonds,
Canadian Pacific Railroad bonds,
Chicago & Western Indiana Railroad bonds,
Chicago & Northwestern Railroad bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago & Great Western Railroad bonds,
Chicago, Milwaukee & St. Paul bonds, .
Chicago & Erie Railroad bonds,
Chicago, Rock Island & Pacific R.R. bonds,
City of Ind. Belt R.R. and Stock Yards bonds,
Cincinnati, Ind., St Louis & Chic. R.R. bonds
Cincinnati, Hamilton & Dayton R.R. bonds,
Cleveland, Columbus, Cin. & Ind. R.R. bonds
Connecticut River Railroad bonds, .
Central Railroad of New Jersey bonds, .
Dayton & Michigan Railroad bonds,
Detroit, Lansing & Northern Railroad bonds,
Easton & Amboy Railroad bonds, .
Georgia State bonds, ....
Harlem River & Port Chester Railroad bonds
Hartford Street Railway Co. bonds, .
Housatonic R.R. rolling stock certificates,
Indianapolis & Vincennes Railroad bonds,
Iowa Falls & Sioux City Railroad bonds,
Jefferson Railroad bonds,
Lake Shore & Michigan Southern R.R. bonds
Lehigh Valley Railroad bonds,
Lou. & Frankft & Lex. & Frankft R.R. bonds
Minneapolis Union Railroad bonds, .
Milwaukee & St. Paul Railroad bonds, .
Par Value.
$30,000 00
4,333 33
71,000 00
77,000 00
105,000 00
22,000 00
100,000 00
12,000 00
2,000 00
50,000 00
187,500 00
25,000 00
20,000 00
50,000 00
50,000 00
10,000 00
150,000 00
100,000 00
100,000 00
48,666 00
320,000 00
147,000 00
61,600 00
41,000 00
100,000 00
100,000 00
50,000 00
74,000 00
120,000 00
55,000 00
58,000 00
1,000 00
150,000 00
60,000 00
50,000 00
150,000 00
25,000 00
50,000 00
100,000 00
100,000 00
32,000 00
100,000 00
50,000 00
110,000 00
250,000 00
92,000 00
50,000 00
63,000 00
Market Value.
$68,400 00
3,380 00
50,410 00
78,040 00
116,700 00
14,520 00
105,000 00
3,000 00
4,900 00
47,000 00
337,500 00
28,750 00
1,800 00
56,500 00
61,500 00
10,400 00
150,000 00
100,500 00
92,000 00
57,750 00
365,900 00
160,580 00
61,500 00
43,050 00
127,000 00
110,000 00
52,000 00
87,320 00
140,400 00
66,000 CO
64,720 00
1,000 00
177,000 00
64,200 00
32,500 00
165,000 00
26,000 00
58,000 00
102,000 00
104,000 00
37,760 00
125,000 00
52,250 00
133,100 00
281,000 00
94,760 00
61,000 00
66,150 00
HARTFORD FIRE INSURANCE CO.
247
Montreal Corporation bonds, .
Minnesota State warrants, .
Milwaukee, Lake Shore & Western R.R bonds,
Nashville and Decatur sinking fund bonds,
New Brunswick, N. J., city bonds, .
Northern Pacilic Railroad bonds,
N. Y. Central & Hudson River Railroad bonds,
New York & New England Railroad bonds, .
N.Y., New Haven & Hartford R.R. certificates,
Pittsburgh, Cincinnati & St. Louis R.R. bonds,
Philadelphia & Reading Railroad bonds,
Richmond, Va , city bonds,
St Paul & Northern Pacific Railroad bonds,
St. Louis & San Francisco Railroad bonds,
Topeka, Kansas, internal imp. sewer bonds,
West Shore Railroad bonds,
Par Value.
$02,500 00
42,200 '00
50,000 00
50,000 00
20,000 00
59,000 00
50,000 00
50,000 00
75,000 00
100,000 00
75,000 00
52,500 00
86,000 00
50,000 00
15,000 00
100,000 00
Market Value.
$62,500 00
38,249 00
56,000 00
56,000 00
20,400 00
68,440 00
52,500 00
59,000 00
101,250 00
110,000 00
81,750 00
52,500 00
107,500 00
56,500 00
15,000 00
106,000 00
$5,169,599 33 $6,049,267 00
Securities held as collateral for cash loans : —
37 shares iEtna Fire Insurance Co., .
30 " Chicago & Northwestern R.R. Co., .
64 " Billings & Spencer Co., .
Market Value. Loaned Thereon.
$9,620 00 $6,000 00
4,500 00 3,800 00
2,560 00 1,000 00
$16,680 00 $ 10,800 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank,
Premiums in course of collection (gross),
Rents due,
Gross assets, ' .
Deduct special deposits in other States, .
Balance,
31, 1896.
$459,575 00
1,375,500 00
25,181 93
6,049,267 00
10,800 00
991,914 44
1,200,243 34
845 53
,113,327 24
389,434 00
$9,723,893 24
Liabilities.
Losses adjusted, unpaid, $ 112, 183 40
claimed and reported, .... 339,667 03
disputed or resisted, .... 72,798 13
Unearned premiums on outstanding risks, .. 4,845,820 57
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
£ 1,0 50,000 00
2,262,075 00
780,278 00
248
HARTFORD FIRE INSURANCE CO.
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$180,036 50
769 26
f 5,55 1,274 89
186,710
$5,364,564 30
$4,359,328 94
1,250,000 00
13,109,328 94
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, . ...
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .
Gross cash income,
Expenditures.
Cash paid for fire losses $3,392,754 07
Deduct salvage and reinsurance, . . . 330,521 38
Net cash paid for fire losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, .
Risks and Premiums.
$1,115,018 01
1,988 91
$1,113,029 10
7,186,052 32
$8,299,081 42
1,200,243 34
$7,098,838 08
1,334,510 85
sources,
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$729,121,673 00
585,554,767 00
11,314,676,440 00
509,413,135 00
$805,263,305 00
9,660,308 00
►,764,327 23
72,679 14
287,734 36
5,296 73
1, 130,037 46
5,062,232 69
350,000 00
955,450 55
431,052 60
125,156 00
561,209 36
15,485,101 20
Premiums.
19,004,993 99
7,186,052 32
16,191,046 31
6,369,938 66
$9,821,107 65
129,466 52
f795,602,997 00 $9,691,641 13
HOME INSUKANCE CO.
249
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (28 per cent ),
Company's stock owned by directors,
$89,515,120 00
52,825,565 00
2,987,800 00
8,363,100 00
350,000 00
182,600 00
"HOME INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April, 1853. Commenced business April 13, 1853 ]
Paid-up Capital, $3,000,000.
DANIEL A. HEALD, President.
WILLIAM L. BIGELOW, }
THOMAS B. GREENE, S Secretaries.
Detailed Statement of Stocks and Bonds.
United States bonds, .
District of Columbia bonds,
State of Georgia bonds, .
New York city bonds,
City of Richmond, Va., bonds,
Topeka City, Kan., internal imp. bonds,
City of Council Bluffs, Iowa, imp. bonds,
Nebraska City, Neb., improvement bonds,
Kansas City, Kan., improvement bonds,
City of Greely, Col., water bonds, .
Atchison, Kan., improvement bonds,
West Chicago Park warrants, .
The Ann Arbor Railroad Co. bonds,
New York, Chicago & St. Louis R R. bonds,
N. Y. Central & Hudson River R.R. bonds,
New York & Harlem R.R. bonds, .
Ohio & West Virginia Railway Co. bonds,
Peoria, Decatur & Evansville Railway bonds
Cleve., Col., Cm. & Indianapolis R.R. bonds,
Louisville, New Albany & Chic. R'y Co. bonds
West Shore Railway bonds,
Albemarle & Chesapeake Canal Co. bonds,
Jeffer'ville, Madison & Indianapolis R.R. b'ds
Dunkirk, Warren & Pittsburgh R'y Co. bonds
Chic., St. Paul, Minn. & Omaha R'y Co. bonds
Cleveland Terminal & Valley R.R. Co. bonds
Alabama Central Railroad bonds, .
Louisville, Henderson & St. Louis R'y Co. b'ds
Par Value.
|375,000 00
1,000,000 00
25,000 00
505,000 00
50,000 00
59,625 32
9,200 00
15,000 00
3,500 00
25,000 00
3,000 00
157,435 73
215,000 00
112,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
110,000 00
96,000 00
94,000 00
50,000 00
50,000 00
50,000 00
25,000 00
Market Value.
$407,762 50
1,090,000 00
25,000 00
497,425 00
50,000 00
61,414 08
9,200 00
15,000 00
3,500 00
25,000 00
3,000 00
157,435 73
160,175 00
115,920 00
116,000 00
111,250 00
118,000 00
101,000 00
130,000 00
112,000 00
104,000 00
116,600 00
110,400 00
103,400 00
63,500 00
37,500 00
55,000 00
21,250 00
250
HOME INSURANCE CO.
Virginia Midland Railway Co. bonds,
Staudard Gas Light Co. bonds,
Des Moines Water Works Co. of Iowa bonds
Denver Union Water Company bonds,
Streator, 111., Aqueduct Co. bonds, .
4,600 shares Morris & Essex Railroad, .
2,000 " Chic., Mil. & St. Paul R'y Co ,
2,211 " United N. J. R.R. & Canal Co ,
2,000 " Pitts., Ft. Wayne & Chic. R'y Co.
2,000 " Pennsylvania Railroad Co., .
1,100 " N. Y. Cen. & Hudson River R.R.
1,000 " Fort Wayne & Jackson R.R.,
1,000 " Chic, St. P., Minn. & Omaha R'y
1,000 " Rensselaer & Saratoga R.R.,
1,000 " Lake Shore & Mich. So'n R'y Co.
500 " Connecticut River R.R. Co., .
500 " The Ann Arbor R.R. Co., .
428 " New York & Harlem R.R. Co.,
605 " Standard Gas Light Co.,
400 " National Broadway Bank, .
200 " American Ex. Nat'l Bank, N. Y.,
200 " Mercantile National Bank, N. Y.
200 " Nat'l Bank of Commerce, N. Y.,
200 " Manhattan Company, N. Y.,
200 " Met chants 1 Ex. Nat'l Bank, N. Y.
200 " Nassau Bank,
200 " Chatham National Bank, N. Y.,
200 " Nat'l Bute, and Drovers' B'k, N. Y
200 " Fourth National Bank, N. Y ,
100 " Bank of America, N. Y.,
100 " Hanover National Bank, N. Y.,
100 " National Bank of the Republic,
200 " Holland Trust Co.,
200 " Franklin Trust Co., Brooklyn,
60 " Long Island Loan and Trust Co.
50 " Metropolitan Trust Company,
Par Value.
$50,000 00
50,000 00
50,000 00
48,000 00
10,000 00
230,000 00
200,000 00
221,100 00
200,000 00
100,000 00
110,000 00
100,000 00
100,000 00
100,000 00
100,000 00
50,000 00
50,000 00
21,400 00
60,500 00
10,000 00
20,000 00
20,000 00
20,000 00
10,000 00
10,000 00
10,000 00
5,000 00
5,000 00
20,000 00
10,000 00
10,000 00
10,000 00
20,000 00
20,000 00
6,000 00
5,000 00
Market Value.
1-48,500 00
54,000 00
37,500 00
36,000 00
10,000 00
376,050 00
262,000 00
528,429 00
322,000 00
103,500 00
101,200 00
120,000 00
133,000 00
181,000 00
152,000 00
123,500 00
11,000 00
62,916 00
61,925 00
22,500 00
34,200 00
34,000 00
40,000 00
20,500 00
11,000 00
15,800 00
14,750 00
6,250 00
35,000 00
31,500 00
31,500 00
14,500 00
16,000 00
42,400 00
12,000 00
14,750 00
>,791,761 05 $7,041,902 31
Securities held as collateral for cash loans : —
Seattle, Lake Shore & Eastern R.R. bonds,
St. Joseph & Grand Island R.R. bonds, .
Spokane & Palouse Railway bonds, .
30 shares N. Y., Susquehanna & Western R.R.,
Des Moines & Ft. Dodge R.R. bonds,
460 shares National Bank of North America, .
250 " National Bank of the Republic,
Market Value. Loaned Thereon.
$1,750 00 >|
990 00
4,200 00
720 00 J
33,000 00
41,860 00
36,250 00
$6,900 00
25,000 00
37,800 00
25,000 00
HOME INSURANCE CO.
251
Des Moines & Ft. Dodge R.R. bonds,
Portsmouth & Suffolk Water Co. of Va. bonds,
250 shares National Bank of the Republic,
Denver Union Water Co. bonds,
37 shares Western Union Telegraph Co.,
100 " National Bank of North America,
358 " Georgia R.R. & Banking Co , .
10 " Manhattan Life Insurance Co.,
Des Moines & Ft. Dodge R.R. bonds,
Dakota & Great Southern R'y Co. bonds,
Market Value.
$6,000 00
2,000 00
36,250 00
18,750 00
2,960 00
9,100 00
57,280 00
1,925 00
3,000 00
2,160 00
Loaned Thereon.
$5,000 00
25,000 00
12,000 00
1,300 00
6,500 00
35,000 00
850 00
1,500 00
1,250 00
$258,195 00 $183,100 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens f ),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks, .
Prem's more than three mos. due, $5,604 81
Gross assets, . . .
Deduct special deposits in other States, .
11 ,748,857 41
423,786 71
8,288 32
7,041,902 31
183,100 00
306,032 86
47,390 02
914,524 89
2,682 45
$10,676,564 97
129,500 00
Balance, $10,547,064 97
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, . . .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
$88,660 00
510,752 03
54,146 04
$653,558 07
189,181 00
$464,377 07
4,464,347 00
88,870 44
* The company holds, also, instalment premium notes to the amount of $724,084.07, which do
not enter into nor form any part of the assets of the company, as no portion of them is earned.
Whatever value is attached to them would necessarily be counterbalanced by the addition of an
amount exactly equal to the reinsurance liability, the entire sum consisting of " unearned pre-
miums."
t Value of lands mortgaged, $715,310 00
Value of buildings thereon 448,675 00
Amount of insurance held as collateral, .... 251,250 00
252
HOME INSURANCE CO.
$181,881 17
32,878 13
5,232,353 81
113,225 97
Gross cash expenditures,
$789,955 88
333 17
),622 71
6,064,791 16
$6,854,413 87
871,891 58
$5,982,522 29
1,380,693 26
Reinsurance, . .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected, .
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, . .
Expenditures.
Cash paid for fire losses, $2,916,208 23
Deduct salvage and reinsurance, . . . 369,625 75
Net cash paid for fire losses, .
Cash paid for marine and inland losses, . . $157,882 60
Deduct salvage and reinsurance, . . . 65,182 99
Net cash paid for marine and inland losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
5,426 66
297,086 50
$325,513 16
50,920 57
$274,592 59
101,447 70
sources,
^5,119,127 84
^5,427,937 13
3,000,000 00
^2,427,937 13
$4,601,829 03
173,144 89
23,809 77
302,211 04
96,760 64
>,197,755 37
>,516,582 48
92,699 61
300,300 00
907,510 04
399,710 30
93,011 94
330,449 40
1,670,263 77
THE HOWARD FIRE INSURANCE CO. OF BALTIMORE. 253
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Maiine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$976,344,093 00
674,388,396 00
$1,650,732,489 00
686,149,214 00
$964,583,275 00
109,604,522 00
Premiums.
$9,582,758 00
6,064,791 16
$15,647,549 16
6,291,885 16
$9,355,664 00
573,690 00
$854,978,753 00 $8,781,974 00
$7,566,605 00
76,499,405 00
,066,010 00
74,084,676 00
$9,981,334 00
2,413,830 00
$191,361 00
297,086 50
,447 50
267,352 50
$221,095 00
46,399 00
$7,567,504 00 $174,696 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (10 per cent.), .
Company's stock owned by directors,
$115,737,977 00
69,525,125 00
2,495,103 00
102,549 00
10,015,000 00
300,000 00
168,300 00
"PRESIDENT AND DIRECTORS OF THE HOWARD FIRE INSUR-
ANCE COMPANY OF BALTIMORE," BALTIMORE, MD.
[Incorporated March, 1856. Commenced business June, 1856.]
Paid-up Capital, $200,000.
WM. ORTWINE, President. M. LEWIN HEWES, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$145,200 00
10,000 00
Baltimore city bonds,
United States bonds, .
Maryland State bonds,
Baltimore & Ohio Railroad bonds,
Louisville city bond,
Louisville water bonds, .
2,000 00
2,000 00
5,000 00
5,000 00
Market Value.
$152,324 00
12,037 50
1,960 00
2,040 00
5,750 00
5,787 50
254 THE HOWARD FIRE INSURANCE CO. OF BALTIMORE.
Georgia, Carolina & Nor. Railroad bonds,
Cape Fear & Yadkin Valley bonds, .
Potomac Valley Railroad bonds,
Western No. Carolina Railroad bonds,
Southern Railway bonds,
210 shares Northern Central Railway,
625 " National Mechanics 1 Bank,
100 " Western National Bank,
200 " National Bank of Commerce,
50 " National Howard Bank, .
Par Value.
$5,000 00
3,000 00
6,000 00
5,000 00
5,000 00
10,500 00
6,250 00
2,000 00
3,000 00
500 00
Market Value.
$4,087 50
1,800 00
5,550 00
5,700 00
4,550 00
13,860 00
10,937 50
4,000 00
3,400 00
525 00
Securities held as collateral for cash loans
Loaned on company's own stock,
$215,450 00 $234,309 00
$300 00
SUMMAKY OF ASSETS DEC. 31, 1896.
Cash value of unencumbered real estate, . $39,800 00
Loans on mortgage of real estate (first liens*), 6,800 00
Interest due or accrued thereon, . . . 155 80
Stocks and bonds, as per schedule, . . . 234,309 00
Cash in the office of the company, . . . 207 16
Cash deposited in bank, 8,249 99
Premiums in course of collection (gross), . 2,949 18
Rents, . 220 00
Loan on company's own stock, . . $300 00
Gross assets, . . . . .
$292,691 13
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Dividends to stockholders, unpaid, .
Commissions and brokerage, .
Return premiums, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$900 00
200 00
18,661 04
1,513 85
435 09
780 63
194 30
57 59
22,742 50
$269,948 63
200,000 00
$69,948 63
* Value of lands mortgaged, . . .
Value of buildings thereon, .
Amount of insurance held as collateral,
$7,500 00
7,500 00
5,000 00
THE HOWARD FIRE INSURANCE CO. OF BALTIMORE. 255
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, ....
Expenditures.
Cash paid for fire losses, $6,335 49
Deduct salvage and reinsurance, . . . 260 11
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Deposits returned on perpetual fire risks, . $2,340 00
Gross cash expenditures, .
$916 50
24,340 18
$25,256 68
2,949 18
$22,307 50
7,178 75
sources,
$15,128 75
2,625 00
8,718 62
984 20
$27,456 57
$6,075 38
13,045 85
2,853 40
5,520 67
2,966 68
3,249 97
$33,711 95
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total, . . . . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$5,177,577 00
3,217,424 00
|8,395,001 00
3,234,547 00
$5,160,454 00
228,892 00
Tremiums.
,591 73
24,340 18
$62,931 91
23,527 18
$39,404 73
1,743 80
$4,031,562 00 $37,660 93
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year, .
Company's stock owned by directors, ...
.,202,255 00
525,495 00
4,696 00
606,100 00
12,950 00
23,610 00
256
THE INSURANCE CO. OF NORTH AMERICA.
"PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY
OF NORTH AMERICA," PHILADELPHIA, PA.
[Incorporated April 14, 1794. Commenced business 1792.]
Paid-up Capital, $3,000,000.
CHARLES PLATT, President. GREVILLE E. FRYER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States government bonds, . . . f 125,000 00 $141,250 00
Boston city bonds, 112,000 00 120,960 00
Richmond, Va , city bonds, .... 53,000 00 53,000 00
Georgia State bonds, 25,000 00 28,250 00
Baltimore city bonds, 200,000 00 194,000 00
Toledo. city bonds, 1,000 00 1,020 00
Cincinnati city bonds, 28,000 00 30,800 00
Belgian government bonds, .... 49,000 00 49,000 00
Providence city bonds, 25,000 00 26,000 00
City of Columbus (O.) bonds, .... 25,000 00 25,500 00
City of Portland (Ore.) bonds, . . . 50,000 00 58,000 00
East Lincoln (111.) bonds, .... 10,000 00 10,300 00
City of Montreal bonds, 111,000 00 122,100 00
Western Springs, Cook Co., 111., warrants, . 382 50 382 50
City of Chicago warrants, . . . . 13,400 00 13,400 00
City of Chicago bonds, 26,000 00 26,000 00
Pennsylvania Railroad bonds, . . . . 430,000 00 510,700 00
Philadelphia & Reading Railroad bonds, . 350,000 00 430,500 00
North Pennsylvania Railroad bonds, . . 80,000 00 94,800 00
Belvidere & Delaware Railroad bonds, . . 50,000 00 53,000 00
Pennsylvania & N. Y. Canal & R.R. bonds, . 25,000 00 30,250 00
Lehigh Valley Railroad bonds, . . . 200,000 00 238,000 00
Delaware Division Canal bonds, . . . 15,000 00 14,250 00
French rentes, 5,800 00 5,800 00
Brooklyn Wharf & Warehouse Co bonds, . 30,000 00 30,900 00
Baltimore & Potomac R R. bonds, . . . 5,000 00 6,000 00
Schuylkill River East Side Railroad bonds, . 20,000 00 20,400 00
Terminal Kailroad Association of St. Louis, . 40,000 00 42,000 00
Lehigh Coal and Navigation Company, . . 5,000 00 6,250 00
Easton & Amboy Railroad Company, . . 100,000 00 107,000 00
Philadelphia & Erie Railroad, .... 150,000 00 178,500 00
Chicago & Western Indiana Railroad bonds, . 79,000 00 82,950 00
Northern Central Railway bonds, . . . 16,000 00 18,400 00
Pitts., McKeesp't & Youghiogheny Railroad, . 50,000 00 61,000 00
Lehigh Valley Railroad bonds, . . . 7,000 00 7,070 00
The Belt R.R. and Stock Yard Company bonds, 50,000 00 59,000 00
Bergen County Railroad bonds, . . . 50,000 00 52,500 00
Car Trust of New York bonds, . . . 23,000 00 23,000 00
New York & Long Branch Railroad bonds, . 150,000 00 165,000 00
100 shares Philadelphia National Bank, . . 10,000 00 19,000 00
40 " Philadelphia Bourse, . . . 2,000 00 400 00
THE INSURANCE CO. OF NORTH AMERICA.
257
Par Value.
228 shares Chesapeake and Del. Canal Co., . $11,400 00
Atlantie Mutual Insurance scrip, . . . 6,410 00
Philadelphia & Baltimore Central Railroad, . 100,000 00
Delaware & Chesapeake Railroad bonds, . 100,000 00
Steubenville & Indiana Railroad bonds, . . 200,000 00
Corning, Cowanesque & A. RR, bonds, . . 9,000 00
New York, Lake Erie & Western R.R. bonds, 200,000 00
Terre Haute & Logansport Railroad bonds, . 50,000 00
Texas & Pacific Railway bonds, . . . 20,000 00
Louisville & Nashville Railroad, . . . 63,000 00
Lehigh Coal & Navigation Company bonds, . 100,000 00
New York, 'West Shore & Buffalo R.R. bonds, 25,000 00
San Antonio & Aransas Pass. Railway bonds, . 21,000 00
Wrecking Boat "North America" bonds, . 29,000 00
Canada & Atlantic Railroad bonds, . . . 20,000 00
Jefferson Railroad bonds, .... 35,000 00
McKeesport & Belle Vernon Railroad bonds, . 20,000 00
Penn. & New York Canal and R.R. bonds, . 50,000 00
Win. Cramp & Sons 1 Ship & Eng. B'ld'g Co. notes, 50,000 00
Lehigh Valley Railway Company bonds, . 50,000 00
Lehigh Valley Terminal Company bonds, . 40,000 00
Baltimore Belt Railroad bonds, . . . 30,000 00
Elizabeth Railroad of Austria bonds, . . 40,000 00
Tioga Railroad bonds, . . . . . 5,000 00
Philadelphia & Reading Railroad bonds, . 100,000 00
Lehigh Valley Railroad bonds, . . . 50,000 00
Cincinnati, Hamilton & Dayton Railroad bonds, 50,000 00
Camden & Atlantic bonds, .... 50,000 00
Northern Pacific Railroad bonds, . . . 4,000 00
Cleveland, Lorain & Wheeling Railroad bonds, 50,000 00
Prospect Brewing Company bonds, . . . 25,000 00
Delaware River R.R & Bridge Co. bonds, . 50,000 00
Northern Central Railway bonds, . . . 10,000 00
International Navigation Company bonds, . 50,000 00
1,500 shares company's own stock, $31,500 00
Market Value.
$250 00
6,410 00
105,000 00
95,000 00
216,000 00
9,000 00
216,000 00
42,500 00
21,400 00
71,820 00
102,500 00
26,250 00
11,760 00
29,000 00
15,000 00
39,550 00
21,000 00
47,500 00
50,000 00
50,000 00
42,800 00
27,900 00
40,000 00
5,250 00
103,000 00
49,500 00
52,000 00
52,500 00
'4,000 00
.52,000 00
25,000 00
53,000 00
10,700 00
51,500 00'
$4,510,392 50 $4,904,722 50
Securities held as collateral for cash loans : —
McKeesport & Belle Vernon R.R. bonds,
New Jersey Consolidated Traction Co. bonds,
Allegheny County bonds,
30 shares Philadelphia Mortgage Co , .
50 " Penn. Co. for Insurance on Lives,
100 " Lehigh Coal and Navigation Co.,
City of Philadelphia bonds,
Lehigh Valley R.R. bonds,
Market Value. Loaned Thereon..
$48,000 00
8,300 00
5,350 00
2,130 00
24,300 00
4,100 00
8,510 00
2,600 00
140,000 00
5,000 00
4,000 00
1,300 00
20,000 00
10,000 00
$103,290 00 $80,300 00
258
THE INSURANCE CO. OF NORTH AMERICA.
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Due for reinsurance of marine losses,
Book debts due the company, .
Company's stock held by company, $31,500 00
Gross assets,
Deduct special deposits in other States, .
$457,132 35
2,463,233 76
50,643 78
4,904,722 50
80,300 00
782,589 87
813,100 36
60,114 88
14,953 75
67,864 63
1,694,655 88
261,350 00
Balance, $9,433,305 88
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance,
Book debts,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
$102,629 59
348,159 20
43,988 32
$494,777 11
146,120 30
$348,656 81
3,246,830 32
781,689 31
35,000 00
41,906 53
3,189 41
9,031 51
$4,466,303 89
125,099 12
4,341,204 77
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital,
. $5,092,101 11
. 3,000,000 00
. $2,092,101 11
* Total value of property mortgaged,
Amount of insurance held as collateral,
^6,337,947 00
2,344,400 00
THE INSURANCE CO. OF NORTH AMERICA.
259
Income.
>
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from net perpetual deposits,
Deposits received for perpetual fire risks,
$625,892 63
4,787,742 29
^5,413,634 92
578,407 28
£4,835,227 64
855,631 19
$305,782 74
2,094,040 60
^2,399,823 34
294,807 96
£2,105,015 38
531,103 87
sources,
$17,694 94
1,979,596 45
1,573,911 51
140,522 65
227,377 93
2,321 99
Gross cash income, |5,923,730 53
Expenditures.
Cash paid for fire losses, f 2,268,505 86
Deduct salvage and reinsurance, . . . 101,754 73
Net cash paid for fire losses, .... f 2,166,751 13
Cash paid for marine and inland losses, . . $1,907,429 81
Deduct salvage and reinsurance, . . . 611,448 45
Net cash paid for marine and inland losses, . 1,295,981 36
Cash dividends paid, 360,000 00
Cash paid for commissions and brokerage, .... 1,038,731 45
for salaries of officers and employees, . . . - 300,458 24
for State and local taxes, . . . . 113,787 56
for general expenses, 293,727 65
Deposits returned on perpetual fire risks, . $15,372 95
Gross cash expenditures,
. $5,569,437 39
2G0
INSURANCE CO. OF THE STATE OF PENNSYLVANIA.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$638,984,366 00 $6,024,632 50
561,354,515 00 4,787,742 29
Total,
Deduct risks expired and terminated,
In force at end of year, . .
Deduct amount reinsured,
Net amount in force,
Perpetual risks in force (not incl'd above),
Marine risks outstanding Dec 31, 1895, .
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
.,200,338,881 00 $10,812,374 79
588,338,293 00 4,787,522 67
$612,000,588 00 $6,024,852 12
14,284,703 00 141,155 84
$597,715,885 00 $5,880,696 28
$34,022,948 00 $858,767 81
$42,000,000 00 $252,000 00
270,786,330 00 2,094,040 60
$312,786,330 00 $2,346,040 60
270,888,074 00 2,101,881 60
$41,898,256 00 $244,159 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
$126,775,754 00
88,808,255 00
2,150,429 00
1,207,881 00
13,653,934 00
360,000 00
261,700 00
" INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA,"
PHILADELPHIA, PA.
[Incorporated April 18, 1794, Commenced business Nov. 5, 1794.]
Paid-up Capital, $200,000.
GEO. G. CROWELL, President. A. B. EARLE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
20 shares Philadelphia National Bank, . . $2,000 00 $3,800 00
Harrisburg, P. L. & Mt. Joy Railroad bonds, . 15,000 00 16,050 00
Car Trust of New York bonds, . . . 2,000 00 2,120 00
Chicago & W. Indiana Railroad bonds, . . 7,000 00 8,120 00
INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 261
Shamokin, Sunbury & L. Railroad bonds,
Terre Haute & Logansport Railroad bonds,
Steubenville & Indiana Railroad bonds, .
Long Dock Company bonds, .
Pittsburg Junction Railroad Company bonds,
St. Paul & Northern Pacific Railroad bonds,
Sunbury, H. & Wilkesbarre Railroad bonds,
Northern Central Railroad bonds, .
City of Q.uincy bonds, ....
Wabash Railroad Company bonds, .
Syracuse, Geneva & Cor. Railroad bonds,
Par Value.
$10,000 00
20,000 00
30,000 00
10,000 00
10,000 00
10,000 00
4,000 00
10,000 00
10,000 00
14,000 00
6,000 00
Market Value.
$10,200 00
19,600.00
33,500 00
13,250 00
13,200 00
12,01? 50
4,253 33
10,700 00
10,500 00
10,080 00
6,450 00
$160,000 00 $173,835 83
Summary op Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Notes taken for fire risks, ....
Rents due,
Due for reinsurance of losses, already paid,
Salvage,
Other admitted assets, ....
Gross assets, .....
|349,019 37
44,600 00
680 66
173,835 83
1,238 54
124,567 61
250 00
43,701 02
1,963 25
7,040 73
7,179 22
3,787 77
9,236 72
$767,100 72
Liabilities.
Losses adjusted, unpaid, $1,034 4Q
Losses claimed and reported, .... 12,671 14
Unearned premiums on outstanding risks, . 182,475 05
Reclaimable on perpetual fire policies, . . 209,334 36
Due for borrowed money, .... 45,000 00
Commissions and brokerage, .... 6,555 15
Gross liabilities, except capital, . .
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
457,070 16
$310,030 56
200,000 00
$110,030 56
* Total value of property mortgaged,
Amount of insurance held as collateral,
^78,000 00
35,300 00
262
INSURANCE CO. OF THE STATE OF PENNSYLVANIA,
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
Deposits received for perpetual fire risks,
951,813 67
389,465 70
$441,279 37
43,701 02
$397,578 35
95,553 64
sources,
$302,024 71
4,781 55
6,033 13
7,287 00
536 15
$15,998 32
Gross cash income, $320,662 54
Expenditures.
Cash paid for fire losses, . . . . . $183,066 76
Deduct salvage and reinsurance, . . . 24,970 17
Net cash paid for fire losses, . . .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Deposits returned on perpetual fire risks, . $8,118 38
Gross cash expenditures,
$158,096 59
10,000 00
72,304 90
15,725 00
6,860 02
21,141 96
$284,128 4<
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 81, 1895, . . $33,933,067 00 $437,573 47
Fire risks written during 1896,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. 30,624,286 00 389,465 70
1,557,353 00 $827,039 17
. 31,402,217 00 401,933 50
.$33,155,136 00 $425,105 67
. 4,845,068 00 52,648 69
.$28,310,068 00 $372,456 98
Perpetual risks in force (not incPd above), . $7,046,348 00 $232,593 73
lumbermen's INSURANCE CO.
2G3
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (5 per cent ), .
$21,358,770 00
. 16,776,187 00
149,808 00
. 4,281,406 00
10,000 00
"LUMBERMEN'S INSURANCE COMPANY," PHILADELPHIA, PA.
[Incorporated June 2, 1873. Commenced business Dec. 11, 1873.]
Paid-up Capital, $250,000.
LEWIS DAVIS, President. OLIVER H. HILL, Secretary.
Detailed Statement of Stocks and Bonds.
Susquehanna Coal Co. bonds, .
Shamokin Valley & Pottsville R.R. bonds,
Steubenville & Indiana R.R. bonds,
Richmond & Danville R.R. bonds, .
Philadelphia & Reading R.R. bonds,
Summit Branch R.R. Co. bonds,
Camden & Atlantic R.R. Co. bonds,
Mortgage Trust Co. of Pa. bonds, .
Lehigh Valley R.R. Co. bonds,
Car Trust of New York bonds,
West Jersey R.R. Co. bonds,
Chicago, St. Louis & Pittsburg R R. bonds,
Mortgage Trust Co. of Pa. bonds, .
Master Builders' Exchange bonds, .
Car Trust of New York bonds,
West Jersey R.R. bonds, . . .
Sunbury, Hazelton & Wilkesbarre R.R. bond
Shamokin, Sunbury & Lewis burg R.R. bonds
Pennsylvania Steel Co. bonds, .
Lehigh Valley R.R. bonds,
Texas & Pacific R.R. bonds,
Ohio River Railroad bonds,
Lehigh Valley Railroad bonds,
Cincinnati, Richmond & Fort Wayne R.R. b'ds
Cambria & Clearfield Railroad Co. bonds,
Duluth Street Railway Co. bonds, .
St Louis Merchants' Bridge Co. bonds,
Minneapolis General Electric Co. bonds,
Electric R'y Light and Power Co Sedalia, Mo
Broadway and Seventh Avenue R R. Co. bonds
Par Value.
$12,000 00
7,000 00
15,000 00
5,000 00
5,000 00
10,000 00
10,000 00
5,000 00
10,000 00
3,000 00
3,000 00
10,000 00
10,000 00
10,000 00
9,000 00
26,000 00
8,000 00
10,000 00
10,000 00
10,000 00
11,000 00
5,000 00
3,000 00
30,000 00
12,000 00
20,000 00
20,000 00
20,000 00
8,000 00
10,000 00
Market Value.
$13,560 00
7,810 00
16,650 00
6,000 00
4,100 00
10,000 00
10,750 00
5,020 00
13,000 00
3,060 00
3,180 00
11,500 00
10,250 00
10,125 00
8,730 00
31,200 00
8,480 00
10,300 00
10,000 00
12,300 00
9,680 00
5,150 00
3,060 00
34,800 00
12,250 00
20,500 00
21,000 00
20,GuO 00
8,000 00
11,650 00
264
LUMBEKMEN S INSURANCE CO.
Par Value. Market Value.
Hartman General Electric Co., Duluth, bonds, $10,000 00 f 10,250 00
Superior Water, Light and Power Co. bonds, . 10,000 00 10,100 00
St. Paul Gas Light Co. bonds, .... 10,000 00 8,500 00
Lehigh Traetion Co. bonds, . . . ■ . . 15,000 00 13,500 00
68 shares Lehigh Traction Co., . . . 6,800 00 1,020 00
Mortgage Trust Co. of Penna bonds, . . 3,000 00 3,075 00
Piedmont & Cumberland R.R. Co. bonds, . 10,000 00 10,000 00
Syracuse & East Side R R. Co. bonds, . . 10,000 00 9,500 00
Detroit and Mackinac R.R. Co. bonds, . . 5,000 00 3,500 00
Grand Rapids Gas Light Co. bonds, . . 10,000 00 9,200 00
80 shares Grand Rapids Gas Light Co., . . 4,000 00 2,400 00
G'va,W'loo, Sen. Falls & Cay Lake Tr. Co. b'ds, 10,000 00 9,600 00
20shs.G , va,W'loo,Sen Falls & Cay. LakeTr. Co., 2,000 00 400 00
Passaic Lighting Co. bonds 10,000 00 9,000 00
50 shares Passaic Lighting Co., . . . 5,000 00 1,000 00
10 " Philadelphia Bourse, ... 500 00 100 00
100 " Grand Rapids & Indiana R'y Co., . 10,000 00 500 00
Phil a. & Reading Coal and Iron Co. cert's, . 10,000 00 10,600 00
Lehigh Valley Railroad Co. Car Trust, . . 10,000 00 10,200 00
46 shs. B'k'h'm Apart. House Co., St. Paul, stock, 4,600 00 4,100 00
Securities held as collateral for cash loans :■
400 shares B'ltLine El'vator Co., Superior ,Wis ,
Belt Line Elevator Co. bonds, ....
45 shares 13th & 15th Street Pass. R'lway Co.,
200 " Columbus & Xenia R.R. Co.,
Pittsburgh, Cincinnati & St. Louis R.R. bonds,
60 shares Citizens' Passenger Railway Co.,
17 " Jefferson Fire Insurance Co., .
3 " Pennsylvania Fire Insurance Co.,
5 " Reliance Insurance Co., .
15 " Lehigh Navigation Co., .
Consolidated Traction Co. of N. J. bonds,
200 shares United Gas Improvement Co. stock, .
Minneapolis General Electric Co. bonds,
$482,900 00 $479,280 00
Market Valtte. Loaned Thereon,
$14,500 00 $12,000 00
10,350 00 5,000 00
16,000 00 3,000 00
8,800 00 8,000 00
600 00
16,200 CO
2,125 00
2,000 00
1,500 00
1,200 00
34,950 00 25,000 00
10,000 00 4,000 00
$114,925 00 $60,300
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $100,050 00
Loans on mortgage of real estate (first liens *), 434,110 99
Interest due or accrued thereon, . . . 7,812 64
* Value of lands mortgaged,
Value of bui'dings thereon, . .
Amount of insurance held as collateral, .
$500,000 00
431,000 00
409,950 00
LUMBERMEN S INSURANCE CO.
265
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Rents due,
Ground rent,
Gross assets,
1479,280 00
60,300 00
387 82
27,368 45
784 51
36,724 46
1,127 50
1,000 00
1,148,946 37
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
State and local taxes,
Commissions and brokerage, .
Return premiums, ....
Reinsurance,
Reinsurance disallowed, .
Incidentals, . . . . )
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from other sources,
Deposits received for perpetual fire risks,
1524 49
14,215 65
4,000 00
118,740 14
700 00
$18,040 14
130,887 05
230,953 25
1,813 30
7,110 73
5,853 58
1,954 56
4,370 64
1,297 22
$30,214 66
230,167 35
$260,382 01
36,724 46
$223,657 55
49,942 00
sources,
$14,761 65
402,280 47
$746,665 90
250,000 00
$496,665 90
173,715 55
25,127 80
28,480 57
2,459 31
719 32
Gross cash income,
$230,502 55
266 THE manufacturers' and merchants' INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
,255 19
3.059 62
Gross cash expenditures,
Risks and Premiums.
Fire risks outstanding Dec. 31,1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above),
. $22,414,354 00
. 24,497,316 00
1,911,670 00
. 20,210,287 00
. $26,701,383 00
. 1,646,016 00
. $25,055,367 00
. |9,389,419 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .
,195 57
25,000 00
41,199 40
12,689 00
5,373 41
9,413 25
$177,870 63
Premiums.
$239,743 60
230,167 35
$469,910 95
205,410 82
$264,500 13
17,456 51
$247,043 62
$256,614 72
$1,989,390 00
1,013,000 00
82,030 00
338,000 00
25,000 00
75,675 00
"THE MANUFACTURERS 1 AND MERCHANTS' INSURANCE COM-
PANY," PITTSBURGH, PA.
[Incorporated Feb. 28, 1865. Commenced business May 1, 1865.]
Paid-up Capital, $250,000.
JOHN W. CHALFANT, President. WM. T. ADAIR, Secretary.
Detailed Statement of Stocks and Bonds.
Pittsburgh & Western Railway Co. stock,
Pittsburgh & Western Railway Co. bonds,
Pitts., Allegh'y & Manchester Trac. Co. bonds,
Allegheny County Light Company bonds,
Braddock & Turtle Creek Street R'v bonds, .
Par Value.
$5,000 00
10,000 00
20,000 00
10,000 00
10,000 00
Market Value.
$500 00
7,500 00
21,000 00
10,450 00
10,400 00
THE MANUFACTURERS' AND MERCHANTS' INSURANCE CO. 267
Borough of Etna, Pa., bonds, .
Wheeling Railway Company bonds,
Pittsburgh Plate Glass Company bonds, ,
Westinghouse Machine Company bonds,
H. C. Frick Coke Company bonds, .
Par Value.
$10,000 00
11,000 00
20,000 00
11,000 00
10,000 00
Market Value.
$10,000 00
11,550 00
20,200 00
11,055 00
10,000 00
$117,000 00 $112,655 00
Securities held as collateral for cash loans : —
Penn Street Railway Company bonds,
Monongahela National Bank stock,
Pitts., Allegh'y & Manchester Trac. Co. stock,
Westinghouse Brake Company stock,
Pitts , Allegh'y & Manchester Trac Co. stock,
Pittsburgh Junction Railway Company stock,
Federal St. & Pleasant Valley R'y Co. stock, .
Central Connellsville Coke Company bonds, .
Market Value. Loaned Thereon.
$2,000 00
775 00
16,606 00
3,150 00
15,200 00
3,000 00
9,256 50
3,000 00
$860 00
400 00
16,000 00
10,000 00
9,500 00
1,600 00
$52,987 50 $38,360 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance and salvage, .
Prem's more than three mos. due, $712 27
Gross assets, ......
31, 1896.
$45,000 00
273,766 67
5,956 54
112,655 00
38,360 00
1,569 66
32,600 24
88 85
30,377 71
308 33
2,134 04
$542,817 04
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
$2,207 83
15,878 60
799 11
$18,885 54
8,305 00
$10,580 54
156,417 01
7,767 16
* Value of lands mortgaged,
Value of buildings thereon, . . .
Amount of insurance held as collateral,
$351,750 00
397,750 00
277,100 00
268 THE MANUFACTURERS' ANT) MERCHANTS' INSURANCE CO.
Return premiums and reinsurance, etc.,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, . ...
Surplus over capital, .
$2,001 53
7,325 00
$184,091 24
1358,725 80
250,000 00
$108,725 80
Income.
Fire premiums outstanding Dec. 31, 1895, . $23,093 56
Premiums on risks written or renewed, . . 266,939 33
Total, $290,032 89
Premiums now in course of collection, . . 23,442 75
Entire premiums collected, .... $266,590 14
Less reinsurance and return premiums, . . 62,816 95
Net cash fire premiums received, . . .
Net cash maiine premiums received,
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents, . . .
Gross cash income,
£203,773
19
366
16
14,286
89
9,127
43
365
04
7,918 71
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Ctfsh paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and emplo3 T ees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
1111,145 15
6,796 01
$607 35
8 18
$104,349 14
599 17
15,000 00
54,098 36
8,873 30
4,920 11
9,717 96
$197,558 04
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$21,868,366 00 $278,546 39
22,124,540 00 266,939 33
Total, . . ...
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
,992,906 00 $545,485 72
18,776,087 00 237,784 92
$25,216,819 00 $307,700 80
1,157,409 00 15,073 78
$24,059,410 00 $292,627 02
THE MECHANICS INSURANCE CO.
209
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent ), .
Company's stock owned by directors, ....
53,206,179 00
1,344,987 00
90,279 00
525,000 00
15,000 00
55,250 00
« THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 13, 1854. Commenced business May 4, 1854.]
Paid-up Capital, $250,000.
SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Phila., Wilmington & Baltimore R.R. bonds, . $5,000 00 $5,220 00
Union Passenger Railway bonds, . . . 20,000 00 22,000 00
Lombard & South Streets Pass. Railway, . 20,000 00 20,200 00
Steubenville & Indiana Railroad bonds, . . 25,000 00 27,250 00
Borough of Clifton Heights, Penn., bonds, . 3,000 00 3,000 00
Schuylkill River, East Side, Railroad bonds, . 30,000 00 30,900 00
City of St Louis bonds, ..... 10,000 00 10,000 00
Northern Pacific Terminal bonds, . . . 10,000 00 10,500 00
North Pennsylvania Railroad bonds, . . 11,000 00 12,210 00
Catawissa Railroad bonds, .... 9,000 00 9,810 00
Columbus & Cincinnati Midland R.R. certs., . 10,000 00 6,200 00
Phila., Wil. & Baltimore Railroad certificates, 10,000 00 10,225 00
Phila. & Erie Railroad bonds, .... 28,000 00 28,810 00
Toledo Electric St. Pass. Railway bonds, . 10,000 00 10,000 00
United States bonds, 5,000 00 5,975 00
Consolidated Traction Co. of New' Jersey b'ds, 10,000 00 8,300 00
Second Ave, Traction Co., Pittsburgh, bonds, . 10,000 00 10,000 00
Terminal R.R. Association, St. Louis, bonds, . 10,000 00 10,000 00
Commonwealth of Pennsylvania bonds, . . 5,000 00 5,000 00
City of Altoona, Pa., bonds, . . . . 10,000 00 10,000 00
200 shares Fair. Park & Haddington P. R.R., . 10,000 00 12,000 00
100 " Union Passenger Railway, . . 5,000 00 21,000 00
30 " 13th & 15th Streets Pass. Railway, 1,500 00 6,900 00
20 " 2d & 3d Streets Pass. Railway, . 1,000 00 4,520 00
200 " Philadelphia Traction Company, . 10,000 00 13,225 00
154 " Union Traction Company, . . 1,540 00 1,501 50
$280,040 00 $314,776 50
270
THE MECHANICS' INSURANCE CO.
Securities held as collateral for cash loans : —
366 shares Merchants 1 Trust Co.,
100 " Lehigh Coal & Navigation Co.,
16 " Pennsylvania Steel Co., .
50 " United Gas Improvement Co.,
50 " Union Traction Co.,
100 " N. Y. & Middle Coal Field Co ,
100 " Philadelphia & Reading R.R. Co.,
50 " Philadelphia Traction Co.,
165 " Hannis Distilling Co.,
43 " Bethlehem Tron Co.,
300 " Philadelphia & Reading R.R. Co.,
Northern Central R.R. Co. bonds, .
Market Value. Loaned Thereon.
$4,575 00^
4,150 00
960 00
3,575 00 }>
453 75
2,500 00
1,350 00 J
3,300 00 2,000 00
14,850 00 n
2,924 00 i 12,500 00
4,050 00 )
44,000 00 25,000 00
,687 75 $52,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Perpetual deposits due, ....
Gross assets,
31, 1896.
$87,000 00
330,985 00
5,553 71
314,776 50
52,000 00
1,458 48
51,107 21
4,164 15
43,502 84
143 32
4,594 00
,285 21
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Dividends to stockholders, unpaid, .
Commissions and brokerage, .
Return premiums, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
$5,871 18
8,431 25
6,152 02
137,107 61
230,445 00
53 00
10,972 40
6,579 07
405,611 53
$489,673 68
250,000 00
$239,673 68
* Total value of property mortgaged,
Amount of insurance held as collateral,
$720,800 00
297,650 00
THE MECHANICS' INSURANCE CO.
271
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from transfers and surveys,
Deposits received for perpetual fire risks,
Gross cash income, ....
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
for repairs on real estate,
Deposits returned on perpetual fire risks,
Gross cash expenditures, .
$46,317 63
280,285 92
$326,603 55
43,502 84
$283,100 71
54,564 39
sources, .
$18,382 25
$119,308 26
899 70
$228,536 32
18,119 34
16,925 23
3,211 74
299 60
$267,092 23
,696 75
$118,408 56
20,018 00
60,813 20
14,200 87
4,725 85
14,684 89
258 29
$233,109 66
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
.$28,445,971 00 f 277,814 84
. 29,179,435 00 280,285 92
Total,
Deduct risks expired and terminated,
In force at end of year, ,
Perpetual risks in force (not incPd above),
. $57,625,406 00 $558,100 76
. 31,206,370 00 299,132 57
.$26,419,036 00 $258,968 19
$11,439,064 00 $253,483 69
Miscellaneous.
Premiums received from organization of company, ,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, . - .
$2,830,344 00
1,519,408 00
99,694 00
480,660 00
20,000 00
47,725 00
272
MERCHANTS INSURANCE CO.
"MERCHANTS 1 INSURANCE COMPANY OF NEWARK, 1 '
NEWARK, N. J.
[Incorporated Feb. 18, 1858. Commenced business April 18, 1858.]
Paid-up Capital, $400,000.
G. LEE STOUT, President. J. R. MULLIKIN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $25,000 00 $27,500 00
New Jersey Southern Railroad bonds, . . 30,000 00 31,200 00
Long Branch & Sea Shore Railroad bonds, . 5,000 00 5,400 00
Midland Railroad of New Jersey bonds, . . 100,000 00 117,000 00
Newark & Bloomfleld Horse Car R R. bonds, . 10,000 00 10,600 00
Belleville & Newark Horse Car R.R. bonds, . 1,000 00 1,080 00
Irvington & Newark Horse Car R.R. bonds, . 3,000 00 3,150 00
American Dock and Improvement bonds, . 50,000 00 57,250 00
Long Branch school bonds, .... 9,000 00 9,630 00
North Hudson County R.R. bonds, . . . 100,000 00 103,000 00
Newark Gas Company bonds, .... 75,000 00 93,000 00
Newark Pass. Railroad Company bonds, . . 25,000 00 26,250 00
Elizabeth City bonds, 50,000 00 46,500 00
Underwriters 1 Prot. Asso'n, Newark, bonds, . 500 00 500 00
Warren Railroad Company stock, . . . 36,050 00 59,482 50
United New Jersey R.R. & Canal Co. stock, . 15,000 00 35,625 00
Morris & Essex R.R. stock, .... 25,000 00 41,000 00
Securities held as collateral for cash loans
Newark Gas Co. bonds, .
Central Trust Co. (N. Y.) certificate,
$559,550 00 $668,167 50
Market Value. Loaned Thereon.
$18,600 00 |13,000 00
4,480 00 3,500 00
3,080 00 $16,500 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $356,594 04
Loans on mortgage of real estate (first liens *), 272,050 00
Interest due or accrued thereon, . . . 4,890 19
Stocks and bonds, as per schedule, . . . 668, 167 50
Loans on collateral security, as per schedule, . 16,500 00
Cash in the office of the company, . . . 10,955 53
Cash deposited in bank, 59,909 55
Interest clue and accrued, 4,117 55
Premiums in course of collection (gross), . 172,965 92
* Value of lands mortgaged . . $264,250 00
Value of buildings thereon, 412,750 00
Amount of insurance held as collateral, ..... 345,550 00
merchants' INSURANCE CO.
273
Rents due,
Reinsurance on losses, already paid,
Prem's more than three mos. due,
Gross assets, .
5,343 12
,587 63
22 48
$1,567,760 39
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid lossses, .
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
State and local taxes,
Commissions and brokerage, .
Return premiums, ....
Reinsurance, .....
Miscellaneous,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
$31,971 80
60,177 80
11,817 18
$103,966 78
2,571 51
$101,395 27
692,583 78
379 00
83 08
1,742 74
26,880 12
24,041 55
5,789 18
5,840 57
858,735 29
,025 10
400,000 00
. $309,025 10
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from all other sources,
Gross cash income,
$139,917 03
6,833 71
$133,083 32
1,141,227 57
$1,274,310 89
174,475 33
$1,099,835 56
212,309 63
sources,
$887,525 93
15,429 39
39,674 41
16,757 47
$959,387 20
274
MERCHANTS INSURANCE CO. IN PROVIDENCE.
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for redemption of scrip,
Interest paid scrip holders,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, ....
$512,870 69
32,065 99
$480,804 70
32,000 00
6 00
1 44
166,869 62
52,085 86
34,723 38
120,530 20
$887,021 20
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$122,562,818 00 $1,340,964 04
105,836,393 00 1,141,227 57
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$228,399,211 00 $2,482,191 61
96,255,337 00 1,094,206 35
$132,143,874 00 $1,387,985 26
6,544,093 00 56,961 29
$125,599,781 00 $1,331,023 97
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$15,289,402 00
8,725,916 00
469,776 00
964,219 00
32,000 00
90,450 00
"MERCHANTS' INSURANCE COMPANY IN PROVIDENCE,"
PROVIDENCE, R. I.
[Incorporated May, 1851. Commenced business July, 1851.]
Paid-up Capital, $200,000.
W. T. BARTON, President. W. P. GOODWIN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
200 shares Chicago & Northwestern R.R. Co., $20,000 00 $20,400 00
200 " New York Central Railroad Co., . 20,000 00 18,800 00
100 " Illinois Central Railroad Co., . 10,000 00 9,300 00
100 " Michigan Central Railroad Co., . 10,000 00 9,300 00
MERCHANTS INSURANCE CO. IN PROVIDENCE.
275
1,600 shares National Bank of Commerce,
1,000 " American National Bank,
400 " Merchants 1 National Bank,
200 " Globe National Bank, .
550 " Providence Gas Company.
200 " Phenix National Bank, .
257 " , Mechanics' National Bank,
102 " Manufacturers 1 National Bank,
100 " St. Paul & Duluth Railroad,
5 " Underwriters 1 Salvage Company,
Chicago, Burlington & Northern R R. bonds,
Eastern Railroad of Minnesota bonds,
Lowell Street Railway Company bonds, .
Minneapolis Street Railway Company bonds,
Watchcmoket Fire District bonds, .
United States bonds,
Par Value.
$80,000 00
50,000 00
20,000 00
10,000 00
27,500 00
10,000 00
12,850 00
10,200 00
10,000 00
500 00
10,000 00
10,000 00
5,000 00
5,000 00
10,000 00
25,000 00
Market Value.
$65,600 00
43,500 00
25,200 00
10,700 00
46,750 00
14,600 00
13,621 00
14,280 00
8,500 00
10,300 00
10,400 00
5,000 00
4,750 00
10,400 00
27,625 00
$356,050 00 $369,026 00
Securities held as collateral for cash loans : —
New Haven & Derby Railroad bonds,
Wisconsin Central Improvement bonds, .
13 shares Boston & Providence Railroad,
5 shares National Bank of Commerce, . ,
Market Value. Loaned Thereon.
$4,400 00^|
1,700 00
3,380 00
205 00
Summary of Assets Dec
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, . .
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,f
31, 1896.
$92,750 00
955 04
369,026 00
7,065 50
1,645 95
57,193 38
2,095 83
35,330 80
$7,065 50
),685 00 $7,065 50
$566,062 50
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State and local taxes, ....
Commissions and brokerage, .
$4,198 63
17,056 42
193,842 86
289 59
2,606 39
* Value of lands mortgaged, ....... $105,000 00
"Value of buildings thereon, 197,000 00
Amount of insurance held as collateral, 134,000 00
{ Including $50,000 special reserve fund held under Rhode Island law.
276
MERCHANTS' INSURANCE CO. IN PROVIDENCE.
Office furniture, ....
Reinsurance disallowed, . .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, . .
Surplus over capital, .
$3,900 00
166 82
$222,060 71
$344,001 79
200,000 00
$144,001 79
Income.
Fire premiums outstanding Dec. 31, 1895, . $39,073 66
Same not collected, 319 32
Net collected, $38,754 34
Premiums on risks written or renewed, . . 318,059 05
Total, $356,813 39
Premiums now in course of collection, . . 35,330 80
Entire premiums collected, .... $321,482 59
Less reinsurance and return premiums, . . 46,656 11
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
$274,826 48
4,630 10
17,624 82
$297,081 40
Expenditures.
Cash paid for fire losses, $128,005 65
Deduct salvage and reinsurance, . . . 5,406 03
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees, .
for State and local taxes,
for premiums charged to profit and loss,
Gross cash expenditures,
$122,599 62
12,000 00
52,085 43
42,035 92
7,673 36
2,228 83
$238,623 16
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
.$32,279,946 00 $379,837 51
. 26,753,845 00 ■ 318,059 05
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$59,033,791 00 $697,896 56
. 26,037,831 00 311,898 68
. $32,995,960 00 $385,997 88
672,417 00 7,822 89
. $32,323,543 00 $378,174 99
MICHIGAN FIRE AND MARINE INSURANCE CO.
277
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, . . .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year, ....
Company's stock owned by directors, ....
|3,073,866 00
5,314,371 00
123,191 00
734,000 00
12,000 00
44,100 00
"MICHIGAN FIRE AND MARINE INSURANCE COMPANY,"
DETROIT, MICH.
[Incorporated February, 1881. Commenced business March, 1881.]
Paid-up Capital, $400,000.
D. WHITNEY, Jr., President. F. H. WHITNEY, Secretary.
Detailed Statement of Stocks and Bonds.
Tar Value.
People's Savings Bank stock, . . . . $ 5,000 00
Cheboygan County bonds, . . . . 12,500 00
Detroit city bonds, . . « . . . . 10,025 00
Marquette city bonds, 32,000 00
Securities held as collateral for cash loans : —
Deed of real estate,
Market Value.
$8,500 00
12,500 00
10,025 00
33,600 00
$59,525 00 $64,625 00
Market Value. Loaned Thereon.
$10,000 00 $3,225 60
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Bills receivable for fire risks, .
Gross assets,
31, 1896.
$73,909 13
556,837 68
18,420 56
64,625 00
3,225 60
13,144 66
24,090 23
1,217 30
54,921 67
416 06
$810,807 89
* Value of lands mortgaged, $980,467 00
Value of buildings thereon, 554,650 00
Amount of insurance held as collateral, . . . . . 351,280 00
278
MICHIGAN FIRE AND MARINE INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums, . . .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
$7,248 72
4,188 75
1,900 00
210,708 21
11,317 89
3,418 73
1,699 86
2,418 99
8242,901 15
. $567,906 74
400,000 00
Surplus over capital,
. $167,906 74
Income.
Fire premiums outstanding Dee. 31, 1895, . $61,908 46
Premiums on risks written or renewed, . . 344,402 03
Total, $406,310 49
Premiums now in course of collection, . . 55,337 73
Entire premiums collected, .... $350,972 76
Less reinsurance and return premiums, . . 70,222 24
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Gross cash income,
,750 52
35,233 54
3,937 81
361 47
$320,283 34
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
,383 05
8,540 59
$159,842 46
36,000 00
51,665 75
15,111 84
16,216 40
28,906 16
Gross cash expenditures,
. $307,742 61
MIDDLESEX MUTUAL ASSURANCE CO.
279
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Premium
.$38,063,216 00 $471,950 92
. 27,728,173 00 344,402 03
.$65,791,389 00 $816,352 95
. 29,661,167 00 378,344 73
$36,130,222 00 $438,008 22
1,735,986 00 21,602 36
. $34,394,236 00 $416,405 86
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (9 per cent.), .
Company's stock owned by directors,
$5,453,743 00
2,930,739 00
146,742 00
218,000 00
36,000 00
207,950 00
"MIDDLESEX MUTUAL ASSURANCE COMPANY," MIDDLE-
TOWN, CONN.*
[Incorporated June 2, 1836. Commenced business June 13, 1836.]
O. VINCENT COFFIN, President. C. W. HARRIS, Secretary.
Detailed Statement of Stocks
Middletown, Conn., town bonds,
Portland, Conn , town bonds, . . .
Jeffersonville, Ind , city bonds,
Evansville, Ind., city bonds, ....
Delaware & Hudson Canal Company bonds, .
American Water Works bonds,
Nebraska Loan & Trust Company bonds,
N. Y., New Haven & Hartford Railroad bonds,
200 shares N.Y. Cent. & Hudson River R.R., .
250
400
200
300
150
40
85
30
10
Chic, Rock Island & Pacific R.R., .
New York, New Haven & Hart, R.R.,
Chicago, Burlington & Quincy R.R.,
Chicago & Northwestern Railroad,
Middletown National Bank, Conn.,
First Natl Bank, Middlet'n, Conn.,
Middlesex Co.N'l B'k, Middletown,
Central Nat'l Bank, Middletown, .
First National Bank, Portland,
and Bonds.
Par Value.
$33,000 00
100,000 00
10,000 00
5,000 00
10,000 00
10,000 00
81,000 00
15,000 00
20,000 00
25,000 00
40,000 00
20,000 00
30,000 00
11,250 00
4,000 00
8,500 00
2,250 00
1,000 00
Market Value.
$33,000 00
100,000 00
10,000 00
5,000 00
14,200 00
8,000 00
81,000 00
20,250 00
18,400 00
16,375 00
70,800 00
13,850 00
35,600 00
15,000 00
4,000 00
7,650 00
2,400 00
1,000 00
$426,000 00 $456,525 00
A mutual company.
280
MIDDLESEX MUTUAL ASSURANCE CO.
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $200,000 00
Loans on mortgage of real estate (first liens *), 55,000 00
Stocks and bonds, as per schedule, . . . 456,525 00
Cash deposited in bank, . . . . 20,579 50
Premiums in course of collection (gross), . 21,709 33
Gross assets, ...... $753,813 83
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
State and local taxes, ;
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
$7,343 90
4,389 66
1,300 00
173,674 00
3,060 32
5,427 33
106 50
195,301 71
. $558,512 12
Income.
Fire premiums outstanding Dec. 31, 1895, . $ 18,333 34
Premiums on risks written or renewed, . . 104,060 94
Total, . . . . . . . $122,394 28
Premiums now in course of collection, *. . 21,709 33
Entire premiums collected, . . . . $100,684 95
Less reinsurance and return premiums, . . 7,809 67
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Gross cash income,
|92,875 28
1,350 00
21,639 15
9,964 16
$125,828 59
Expenditures.
Cash paid for fire losses, . . . .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, ....
$65,283 86
14,436 23
14,300 00
5,908 67
12,560 87
$112,489 63
* Value of lands mortgaged, . .
Value of buildings thoreon,
Amount of insurance held as collateral,
$27,800 00
158,200 00
90,650 00
millers' and manufacturers' INSURANCE CO.
281
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$40,249,277 00
14,024,466 00
$54,273,743 00
12,770,441 00
,503,302 00
23,250 00
Premiums.
321,217 82
104,060 94
5,278 76
86,815 74
$338,463 02
308 44
$41,480,052 00 $338,154 58
Miscellaneous.
Losses paid from organization of company,
Fire losses incurred during the year,
$897,544 00
65,283 00
"MILLERS' AND MANUFACTURERS 1 INSURANCE COMPANY,"
MINNEAPOLIS, MINN.*
[Reincorporated July 1, 1891. Commenced business August, 1865.]
C. B. SHOVE, President. F. S. DANFORTH, Secretary.
Detailed Statement of Stocks and Bonds.
First National Bank, Minneapolis, .
Nicollet National Bank, Minneapolis,
National Bank of Commerce, Minneapolis,
Merchants' National Bank, St. Cloud,
Globe Fire Insurance Company, New York,
Hardwood Manufacturing Co., Minneapolis,
Northwestern Consolidated Milling Co. bonds
Securities held as collateral for cash loans : —
Merriman Barrows Company stock,
Mortgage bonds,
Par Value.
$13,000 00
17,000 00
5,000 00
1,000 00
5,000 00
10,000 00
2,000 00
Market Value.
$13,000 00
17,000 00
5,000 00
1,000 00
5,000 00
10,000 00
2,000 00
$53,000 00 $53,000 00
Market Value. Loaned Thereon.
$20,000 00 $10,000 00
9,000 00 6,500 00
$29,000 00 $16,500 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $68,625 00
Loans on mortgage of real estate (first liens f), 41,800 00
Interest due or accrued thereon, . . . 1,482 50
* A mutual company.
f Value of property mortgaged $62,000 00
Amount of insurance held as collateral, . ... . . 12,100 00
282
MILLERS AND MANUFACTURERS INSURANCE CO.
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, . . .
Interest due and accrued,
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets, .....
$53,000 00
16,500 00
4,172 70
22,938 44
1,925 75
20,767 32
151 91
1231,363 62
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, ....
Surplus as regards policy holders, .
$19,224 14
3,250 00
92,624 74
1,308 38
3,559 47
119,966 73
$111,396 89
Income.
Fire premiums outstanding Dec. 31, 1895, . $7,414 96
Premiums on risks written or renewed, . . 220,919 53
Total, . $228,334 49
Premiums now in course of collection, . . 20,767 32
Entire premiums collected, .... $207,567 17
Less reinsurance and return premiums, . . 29,589 92
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from all other sources,
$177,977 25
1,051 52
3 50
Gross cash income, $179,032 27
Expenditures.
Cash paid for fire losses, . .
Cash dividends paid,
Cash paid for redemption of scrip, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
,674 93
17,572 38
5 50
11,310 81-
18,737 00
1,334 16
20,006 76
Gross cash expenditures,
$159,641 54
MILWAUKEE MECHANICS INSUEANCE CO.
283
Risks and Premiums.
Fire risks outst'g Dec. 31, 1895, $6,736,158 00
Fire risks written during 1896, . 9,830,245 00
Total, .... $16,566,403 00
Deduct risks expired and t'ni'd, 6,405,088 00
In force at end of year, . . $10,161,315 00
Deduct amount reinsured, . 310,775 00
Cash Prera's. Contlng't Prcm's.
$138,323 09 $402,413 85
220,919 53 131,958 92
$359,242 62 $5*34,372 77
166,836 20 170,288 38
$192,406 42 $364,084 39
7,118 93
Net amount in force, . . $9,850,540 00 $185,287 49
Miscellaneous.
Losses paid from organization of company, .
Fire losses incurred during the year,
$967,398 00
93,304 00
"MILWAUKEE MECHANICS' INSURANCE COMPANY,"
MILWAUKEE, WIS.
[Incorporated Feb. 15, 1852. Commenced business April 1, 1852.]
Paid-up Capital, $200,000.
CHRISTIAN PREUSSER, President, ADOLF J. CRAMER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Milwaukee County bonds, .... $23,000 00 $25,300 00
Milwaukee city bonds, 272,000 00 290,940 00
Brown County, Wis., bonds, . . . . 28,000 00 29,680 00
Oshkosh City, Wis, bonds, .... 21,00000 22,19000
La Crosse City, Wis., bonds, .... 35,000 00 37,100 00
St. Paul, Minn., bonds, 225,000 00 251,500 00
Ramsey County, Minn., bonds, . . . 100,000 00 110,000 00
Mil Underwriters' Building Asso. stock, . 2,035 00 2,192 20
Sanitary Dist. of Chicago bonds, . . . 50,000 00 52,875 00
$756,035 00 $821,777 20
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $45,000 00
Loans on mortgage of real estate (first liens*), 1,209,011 38
Interest due or accrued thereon, . . . 39,471 02
Stocks and bonds, as per schedule, . . . 821,777 20
* Value of lands mortgaged, $1,834,240 00
Value of buildings thereon, 1,088,080 00
Amount of insurance held as collateral, .... 637,250 00
284
MILWAUKEE MECHANICS* INSURANCE CO.
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$34,553 54
85,136 72
5,930 75
159,486 32
>,400,366 93
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted, . . .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reserve for reinsurance, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, . ...
Surplus oyer capital, .
$10,169 26
25,371 00
10,450 00
817,299 68
31,897 26
51,453 91
946,641 11
,453,725 82
200,000 00
.,253,725 82
$136,182 52
1,209,356 73
11,345,539 "25
159,486 32
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages, . .
Oct 7
Interest and dividends received from all other sources, .
Income from rents,
" Conscience fund,"
.,186,052 93
226,041 11
,011 82
59,104 78
36,042 85
300 00
5 00
Gross cash income,
. $1,055,464 45
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, ....
,546 49
54,608 81
$453,937 68
70,000 00
250,724 61
63,792 68
36,178 88
64,261 56
$938,895 41
MUTUAL FIRE INSURANCE CO. IN THE CITY OF NEW YORK. 285
Fire risks outstanding Dec. 31, 1895,
Fire risks written during- 1896,
Risks and Premiums.
Premiums.
$113,164,407 00 $1,534,887 36
. 87,735,599 00 1,209,356 73
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$200,900,006 00 $2,744,244 09
. 76,223,309 00 1,098,548 46
$124,676,697 00 $1,645,695 63
. 8,304,934 00 102,408 42
$116,371,763 00 $1,543,287 21
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (35 per cent ),
Company's stock owned by directors, .
$12,347,169 00
6,171,124 00
418,955 00
590,000 00
70,000 00
82,410 00
"MUTUAL FIRE INSURANCE COMPANY IN THE CITY OF
NEW YORK,' 1 N. Y.
[Incorporated Feb. 1, 1869. Commenced business June 19, 1882.]
Paid-up Capital, $225,000.
R. A. LOEWEXTHAL, President. WM. A. FRANCIS, Secretary.
Detailed Statement of Stocks
United States bonds, ....
District of Columbia bonds,
Chicago, Rock Island & Pacific R.R. bonds,
Chicago & Northwestern Railroad bonds,
280 shares Mercantile National Bank,
117
200
118
15
100
Importers' & Traders' Nat'l Bank,
Citizens' National Bank,
Columbia Bauk,
National Park Bank,
Fire Asso. of New York,
and Bonds.
Par Value.
$312,000 00
228,500 00
25,000 00
16,000 00
28,000 00
11,700 00
5,000 00
11,800 00
1,500 00
Market Value.
$369,555 00
258,205 00
32,500 00
18,040 00
51,800 00
64,350 00
7,000 00
26,550 00
4,275 00
125 00
$639,500 00 $832,400 00
Summary of Assets Dec. 31, 1896.
Stocks and bonds, as per schedule, . . . $832,400 00
Cash in the office of the company, . . .' 4,317 15
Cash deposited in bank, 111,428 24
286 MUTUAL FIRE INSURANCE CO. IN THE CITY OF NEW YORK.
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
$6,000 00
94,319 76
.,048,465 15
46,400 00
Balance, $1,002,065 15
Liabilities.
Losses claimed and reported, .... $48,368 53
Losses disputed or resisted, .... 1,000 00
Unearned premiums on outstanding risks, . 288,138 43
Due for borrowed money, .... 200,000 00
Commissions and brokerage, .... 9,600 00
Gross liabilities, except capital, . . $547,106 96
Deduct liability on special deposits, . . 11,421 97
Surplus as regards policy holders,
Paid-up capita], $225,000 00
Scrip outstanding, not ordered to be redeemed, 323,063 00
Impairment of scrip,
535,684 99
$466,380 16
548,063 00
$81,682 84
Income.
Fire premiums outstanding Dec. 31, 1895, . $ 92,743 30
Premiums on risks written or renewed, . . 841,671 53
Total, $934,414 83
Premiums now in course of collection, . . 94,319 76
Entire premiums collected, .... $840,095 07
Less reinsurance and return premiums, . . 286,066 80
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Gross cash income,
$554,028 27
26,878 41
$580,906 68
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash dividends paid,
Interest paid scrip holders,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures,
,827 31
29,593 31
$371,234 00
21,944 28
15.749 43
105,700 82
85.750 02
23,330 16
64,085 63
$687,800 34
NATIONAL FIRE INSURANCE CO.
287
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
,965,027 00 $679,202 32
59,329,219 00 841,671 53
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
$120,294,246 00 $1,520,873 85
79,332,205 00 935,488 99
$40,962,041 00 $585,384 86
1,395,767 00 15,306 99
,566,274 00 $570,077 87
Miscellaneous.
Premiums received from organization of company, . . $9,728,802 00
Losses paid from organization of company, .... 6,292,221 00
Fire losses incurred during the year, 337,292 00
Cash dividends declared from organization of company, . 825,658 00
Dividends declared during the year, 21,944 28
Company's stock owned by directors, ..... 100,253 00
"NATIONAL FIRE INSURANCE COMPANY OF HARTFORD,"
HARTFORD, CONN.
[Incorporated Nov. 27, 1871. Commenced business Dec. 1, 1871.]
Paid-up Capital, $1,000,000.
JAMES NICHOLS, President. E. G. RICHARDS, Secretary.
Detailed Statement of Stocks and Bonds.
Atchison, Topeka & Santa Fe R'y bonds,
Bangor & Aroostook R.R. Co. bonds,
Bristol & Plainville Tramway Co. bonds,
Buffalo Railway Co. bonds,
Cedar Rapids, la. Falls & Northw'n R'y b'ds,
Chesapeake & Ohio R'y bonds,
Chicago, Burlington & Quincy R.R bonds,
Chicago & Indiana Coal R'y Co. bonds, .
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago & Northwestern R R. bonds,
Chicago & Western Indiana R.R. bonds, .
Cincinnati, Da} ton & tronton R.R. bonds,
Cincinnati, Hamilton & Dayton R.R. bonds,
Cin., Indianapolis, St. Louis & Chic. R R. b'ds
Cleve., Col., Cin. & Indianapolis R.R. bonds,
Cleveland, Loraine & Wheeling R.R. bonds,
Par Value.
$11,500 00
25,000 00
10,000 00
25,000 00
48,000 00
20,000 00
46,200 00
25,000 00
60,000 00
19,000 00
18,000 00
10,000 00
15,000 00
35,000 00
35,000 00
35,000 00
Market Value.
$7,450 00
25,000 00
10,000 00
26,250 00
50,400 00
17,400 00
49,240 00
25,000 00
68,700 00
21,280 00
18,900 00
10,500 00
17,700 00
31,300 00
44,800 00
36,050 00
288
NATIONAL FIRE INSURANCE CO.
Columbus & Hocking Valley R.R. bonds,
Columbus, Sandusky & Hocking R.R. bonds,
Columbus, Sandusky & Hocking R.R. scrip,
Columbus & Toledo R.R. Co. bonds,
Danbury & Norwalk R.R. bonds,
East Tenn , Virginia & Georgia R.R. bonds,
Erie Railway Co. bonds, . .
Evansville & Terre Haute R.R. bonds,
Evansville, Terre Haute & Chicago R'y bonds
Hannibal & St. Joseph Railroad bonds, .
Hartford & Connecticut Western R.R. bonds,
Houston & Texas Central R.R. bonds,
Huntingdon & Broad Top Mt. R.R. & Coal Co
Indiana & Lake Michigan Ry. Co. certificates
Kanawha & Michigan Railway Co. bonds,
Knoxville & Ohio Railroad bonds, .
Louisville, New Albany & Chicago Ry. bonds
Louisville & Nashville Railroad bonds, .
Memphis & Charleston Railroad Co. cert's,
Mobile & Ohio Railroad Company bonds,
Montana Central Railway Company bonds,
Morgan's La. & Texas R.R. & S S. Co. bonds,
Naumkeag Street Railway Company bonds,
New York, New Haven & Hartford R R cert's
Nodaway Valley Railroad Company bonds,
Norfolk & Western Railroad certificates,
Northern Pacific Railroad Company bonds,
Oregon Railway & Navigation Co. bonds,
Philadelphia & Reading Coal & Iron Co. b'ds
Piedmont & Cumberland Railway Co bonds
Rochester & Pittsburgh Railroad bonds, .
Sandusky, Mansfield & Newark R.R. bonds,
St. Paul, Minneapolis & Manitoba R.R. bonds
St. Paul & Northern Pacific Railway bonds,
St Louis, Alton & Terre Haute R.R. bonds,
Seattle, Lake Shore & Eastern Ry. Co. cert's,
Toledo & Ohio Central Railway Co. bonds,
Union Pacific Railroad certificates, .
Wabash Railroad Company bonds, .
West Chicago Street R.R. Tunnel Co. bonds,
West Va. Central & Pittsburg Ry. Co. bonds,
Galveston city bonds,
Georgia State bonds,
Helena city bonds,
Lincoln city bonds, .
Meriden town bonds,
New Britain city bonds, .
Richmond city bonds,
Par Value.
$10,000 00
20,000 00
3,264 20
38,000 00
10,000 00
30,000 00
20,000 00
10,000 00
10,000 00
50,000 00
10,000 00
25,000 00
25,000 00
10,003 00
15,000 00
20,000 00
35,000 00
10,000 00
20,000 00
13,000 00
20,000 00
10,000 00
20,000 00
30,000 00
6,000 00
22,000 00
4,000 00
20,000 00
12,000 00
25,000 00
25,000 00
40,000 00
10,000 00
35,000 00
25,000 00
20,000 00
65,000 00
30,000 00
20,000 00
35,000 00
50,000 00
25,000 00
25,000 00
20,000 00
12,000 00
10,000 00
6,000 00
66,900 00
Market Value.
$10,000 00
4,000 00
847 00
41,120 00
11,000 00
31,500 00
27,000 00
9,000 00
10,000 00
57,500 00
10,000 00
25,000 00
26,000 00
8,000 00
11,400 00
22,400 00
37,250 00
11,600 00
20,000 00
15,080 00
22,800 00
12,000 00
20,000 00
39,900 00
6,120 00
12,100 00
4,000 00
22,000 00
12,000 00
25,000 00
28,750 00
41,600 00
11,600 00
42,000 00
25,750 00
7,600 00
66,850 00
30,000 00
21,000 00
35,000 00
52,500 CO
25,000 00
27,500 00
21,400 00
12,240 00
10,000 00
6,000 00
69,942 00
NATIONAL FIRE INSURANCE CO.
289
Brooklyn Wharf and Warehouse Co bonds,
Galveston Wharf Co bonds, .
School Dist. No. 2, Springw's Tp., Mich , bMs
Snffield & Thompsonville Bridge Co. bonds,
AVest Middle School District, Hartford, bonds
United States bonds, ....
45 shares Atchison, Topeka & Santa Fe R.R
300 " Belt R.R. & Stock Yard Co., Ind'lis
200 " Cleveland & Pittsburgh Railroad,
120 " Chicago, Burlington &Quincy R.R.
330 " Chicago, Rock Island & Pacific R R,
200 " Ft. Wayne & Jackson Railroad,
167 " Illinois Central Railroad,
750 " N. Y., New Haven & Hartford R.R.
200 " New York & Harlem Railroad.
500 " N. Y. Central & Hudson River R.R.
100 " Oswego & Syracuse Railroad,
760 " Pennsylvania Railroad, .
100 " Peoria & Bureau Valley Railroad
200 " Pitts., Fort Wayne & Chicago R.R.
250 " jEtna National Bank,
70 " Boston National Bank, Boston,
195 " Charter Oak National Bank, .
50 " Central National Bank, N. Y ,
40 " City Bank
100 " Fanners' and Mechanics' N'l Bank
30 " First National Bank, Meriden,
509 " Hartford National Bank,
50 " Mercantile National Bank,
300 " National Exchange,
75 " Nat'l Bank of the Republic, Boston
10 " N'l Bank of Commerce, Kan. City
450 " Phoenix National Bank, .
70 " St. Paul National Bank, .
25 " Second National Bank, New Haven
100 " Thames National Bank, Norwich,
207 " Hartford City Gas Light Co.,
500 " Northwestern Telegraph Co ,
400 " Willimantic Linen Company,
Par Value.
$50,000 00
25,000 00
12,000 00
28,000 00
26,000 00
50,000 00
4,500 00
15,000 00
10,000 00
12,000 00
33,000 00
20,000 00
16,700 00
75,000 00
10,000 CO
50,000 00
5,000 00
38,000 00
10,000 00
20,000 00
25,000 00
7,000 00
19,500 00
5,000 00
4,000 00
10,000 00
3,000 00
50,900 00
5,000 00
15,000 00
7,500 00
1,000 00
45,000 00
7,000 00
2,500 00
10,000 00
5,175 00
25,000 00'
10,000 00
Market Value.
$50,000 00
25,000 00
12,600 00
28,000 00
26,000 00
55,000 00
900 00
10,500 00
16,000 00
7,920 00
20,790 00
23,600 00
14,996 00
130,500 00
28,000 00
45,000 00
9,750 00
39,520 00
16,500 00
32,000 00
35,000 00
5,950 00
17,550 00
6,250 00
4,000 00.
11,000 00.
3,750 00.
70,242 00
4,000 00.
18,000 00
10,125 00
1,000 00
54,000 00
4,200 00
4,250 00
14,500 00
8,280 00
27,500 00
6,400 00
§2,278,639 20 $2,460,892 00
Summary of Assets Dec 31, 1896.
Cash value of unencumbered real estate, . $239,911 22
Loans on mortgage of real estate (first liens *), 770,413 97
Stocks and bonds, as per schedule, . . . 2,460,892 00
* Value of lands mortgaged, $1,240,100 00
Value of buildings thereon, . . . ... . . 1,058,900 00
Amount of insurance held as collateral, .... 655,700 00
290
NATIONAL FIKE INSURANCE CO.
Cash in office and in bank,
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
$269,439 55
379,603 56
t,120 7 260 30
127,500 00
Balance, $3,992,760 30
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special dex^osits,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
$63,752 64
70,703 44
37,306 15
1,806,990 03
65,268 05
38,659 85
73,438 67
$2,156,118 83
48,499 48
2,107,619 35
£1,885,140 95
1,000,000 00
$885,140 95
Income.
Fire premiums outstanding Dec. 31, 1895, . $401,115 88
Premiums on risks written or renewed, . . 2,709,084 26
Total, $3,110,200 14
Premiums now in course of collection, . . 379,603 56
Entire premiums collected, .... $2,730,596 58
Less reinsurance and return premiums, . . 476,355 82
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income, . . . . . . .
1,254,240 76
36,639 35
117,245 58
>,408,125 69
Expenditures.
Cash paid for fire losses, $1,178,726 41
Deduct salvage and reinsurance, . . . 100,489 35
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for general expenses,
Gross cash expenditures, ....
,078,237 06
100,000 00
405,095 39
176,637 93
64,787 99
197,223 40
!,021,981 77
NATIONAL STANDARD INSURANCE CO.
291
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$309,282,992 00 $3,812,507 26
227,517,506 00 2,709,084 26
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
$536,800,498 00 $6,521,591 52
219,096,531 00 2,715,335 98
117,703,967 00 $3,806,255 54
18,954,361 00 244,576 89
f 298,749,606 00 $3,561,678 65
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.), .
Company's stock owned by directors, ....
$22,004,716 00
11,387,139 00
1,039,425 00
2,177,000 00
100,000 00
71,100 00
"NATIONAL STANDARD INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated Feb. 14, 1896. Commenced business Feb. 20, 1896.]
Paid-up Capital, $200,000.
E. C. CONVERSE, President. R. BLEECKER RATHBONE, Secretary.
Summary of Assets Dec. 31, 1896.
United States bonds,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Due from secretary,
Gross assets,
$480,000 00
48,463 26
2,666 67
51,813 77
11,296 89
$594,240 59
Losses claimed and reported,
Less reinsurance,
Liabilities.
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital, .
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$15,143 54
1,950 63
$13,192 91
119,605 38
15,544 13
6,593 62
154,936 04
. $439,304 55
200,000 00
. $239,304 55
292
NEWARK FIRE INSURANCE CO.
Income.
Premiums on risks written, .... $318,714 48
Premiums now in course of collection, . . 51,813 77
Entire premiums collected, . . . . $266,900 71
Less reinsurance and return premiums, . . 65,181 75
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
$201,718 96
11,248 32
Gross cash income, $212,967 28
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, ,
for incidentals,
Gross cash expenditures,
Risks and Premiums.
Fire risks written during 1896,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$29,456 27
1,673 03
$27,783 24
65,218 96
2,470 00
2,703 58
3,359 49
ees, .
JMS.
.$34,929,576 00
. 6,101,940 00
$101,535 27
Premiums.
$318,714 48
64,628 86
,827,636 00
2,365,940 00
$254,085 62
14,874 86
.$26,461,696 00 $239,210 76
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$253,533 00
27,783 00
42,927 00
92,000 00
•'NEWARK FIRE INSURANCE COMPANY," NEWARK, N. J.
[Incorporated May 14, 1810. Commenced business May 14, 1810.]
Paid-up Capital, $250,000.
JOHN J. HENRY, President. FRANK T. McBRIDE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, ..... $40,000 00 $44,000 00
West Shore Railroad bonds, .... 45,000 00 47,050 CO
Orange & Newark II. C. R.R. bonds, . . 25,000 00 27,500 00
NEWARK FIRE INSURANCE CO.
293
Essex Passenger Railroad bonds,
Morris & Essex Railroad stock,
Underwriters' Protective Asso'n bonds, .
Newark & South Orange H. C. R.R. bonds,
Newark city water bonds,
Hoboken Land and Improvement bonds,
National State Bank stock,
National Newark Banking Company stock,
Newark City National Bank stock, .
Newark & Irvington H. C. R.R. bonds, .
Newark & Bloomfield H. C. R.R. bonds, .
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross
Notes taken for fire risks,
Rents due and accrued,
Prem's more than three mos. due, $3,022 81
Gross assets,
Liabilities
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks
Dividends to stockholders unpaid,
State and local taxes,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, ,
Paid-up capital, ....
Par Value.
$5,000 00
20,000 00
1,000 00
20,000 00
3,900 00
25,000 00
15,900 00
7,700 00
13,250 00
2,000 00
2,000 00
Market Value.
$5,500 00
32,800 00
1,000 00
20,000 00
3,978 00
26,250 00
24,645 00
12,705 00
20,537 50
2,080 00
2,100 00
Surplus over capital,
* Value of lands mortgaged, . .
Value of buildings thereon,
Amount of insurance held as collateral,
$225,750 00 $270,145 50
31, 1896.
$59,000 00
277,725 00
4,531 98
270,145 50
1,986 77
31,951 17
3,694 16
17,486 16
220 00
133 33
$686,874 07
$1,798 94
14,245 31
1,965 28
$18,009^53
1,550 00
$16,459 53
120,828 99
6,444 80
31 12
4,341 17
50 00
148,155 61
$518,718 46
250,000 00
$268,718 46
$302,600 00
467,100 00
383,475 00
294
NEWARK FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected, . .
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income, .
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures,
$19,905 03
149 36
$19,755 67
186,111 77
$205,867 44
20,728 97
$185,138 47
29,029 64
sources,
$78,354 58
5,217 11
$156,108 83
14,209 49
12,627 40
1,328 26
$184,273 98
,137 47
25,303 20
30,347 37
17,847 39
8,088 56
11,027 68
$165,751 67
Fire risks outstanding Dec. 31, 1895,
Fire risks written during; 1896,
Risks and Premiums.
Premiums.
.$27,940,572 00 $267,476 25
. 18,823,270 00 186,111 77
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
. $46,763,842 00 $453,588 02
. 19,800,714 00 201,585 57
.$26,963,128 00 $252,002 45
. 1,797,391 00 14,870 59
.$25,165,737 00 $237,131
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$4,998,901 00
2,424,028 00
66,039 00
790,780 00
25,000 00
45,425 00
NEW HAMPSHIRE FIRE INSURANCE CO.
295
"NEW HAMPSHIRE FIRE INSURANCE COMPANY,"
MANCHESTER, N. II.
[Incorporated 1869. Commenced business April, 1870.]
Paid-up Capital, $900,000.
JOHN C. FRENCH, President. GEO. E. KENDALL, Secretary.
Detailed Statement of Stocks and Bonds.
Tar Value. Market Value.
United States government bonds, . . . f 100,000 00 $109,750 00
City of Cleveland, Ohio, bonds, . . . 50,000 00 52,000 00
City of Columbus, Ohio, bonds, . . . 10,000 00 11,000 00
City of Ashtabula, Ohio, bonds, . . . 10,000 00 10,400 00
City of Dayton, Ohio, bonds, .... 20,00000 21,00000
City of Salem, Mass., bonds 10,000 00 10,200 00
City of East Portland, Ore., bonds, . . . 25,000 00 27,000 00
City of Tacoma, Wash., bonds, . . . 25,000 00 27,000 00
City of Seattle, Wash , bonds, .... 10,000 00 10,200 00
City of Lincoln, Neb., bonds, .... 21,00000 21,42000
City of Topeka, Kan., bonds, .... 500 00 500 00
City of Moorhead, Minn., bonds, . . . 6,000 00 6,000 00
Watertown & Rome Railroad bonds, . . 10,000 00 12,000 00
Maine Central Railroad bonds, . . . 10,000 00 10,600 00
New York & New England Railroad bonds, . 20,000 00 22,500 00
Boston, Concord & Montreal Railroad bonds, . 50,000 00 60,000 00
Concord & Montreal Railroad bonds, . . 100,000 00 103,000 00
Chicago, Burlington & Quincy Railroad bonds, 48,000 00 49,700 00
Union Pacific Railroad " trust," . . . 10,000 00 8,000 00
Oregon Short Line Railroad bonds, . . . 10,000 00 11,000 00
Chicago & West Michigan Railroad bonds, . 25,000 00 10,000 00
Chicago, Burlington & Northern R.R bonds, . 5,000 00 5,000 00
Montana Central Railroad bonds, . . . 25,000 00 25,000 00
Lehigh Valley Terminal R'y Co. bonds, . . 25,000 00 26,250 00
Hillsborough County, N. H., bonds, . . . 15,000 00 15,450 00
Topeka, Kan., Water Supply Co bonds, . . 20,000 00 20,000 00
Claremont, N. H., water works bonds, . . 5,000 00 5,000 00
Minneapolis Gas Light Co. bonds, . . . 20,000 00 20,800 00
Central Loan and Land Co. bonds, . . . 20,000 00 20,000 00
Johnson Loan and Trust Co. bonds, . . . 9,000 00 5,400 00
National Loan and Trust Co. bonds, . . . 10,000 00 10,000 00
Nashua Card and Glazed Paper Co. bonds, . 10,000 00 10,000 00
Grand Forks Gas and Electric Co. bonds, . . 5,000 00 5,000 00
Minneapolis General Electric Co bonds, . . 25,000 00 25,000 00
Swift & Co., Chicago, bonds, .... 25,000 00 25,000 00
Suncook Valley Railroad stock, . . . 4,000 00 4,800 00
N. Y. Central & Hudson River R.R. stock, . 20,000 00 18,800 00
N. Y., New Haven & Hartford RR stock,- . 30,000 00 53,4u0 00
Norwich & Worcester Railroad stock, . . 5,000 00 9,500 00
296
NEW HAMPSHIRE FIRE INSURANCE CO.
Pemigewasset Valley Railroad stock,
Boston & Albany Railroad stock,
Boston & Maine Railroad stock,
Concord & Montreal Railroad stock,
Delaware & Hudson Canal Company stock,
Chicago, Burlington & Quincy Railroad stock
Chicago & Alton Railroad stock,
Illinois Central Railroad stock,
Chicago, Rock Island & Pacific Railroad stock
Chic. June. R'y & Union Stock Yards Co. stock
Lake Shore & Michigan Southern R.R. stock
Chicago & Northwestern Railroad stock,
Chicago, Milwaukee & St. Paul R R. stock,
Merchants' Nat'l B'k, Manchester, N. H., stock
Merchants' Nat'l B'k, Kansas City, Mo., stock
Pemigewasset Nat'l B'k, Plym'th, N. IT., stock
Berlin National Bank, Berlin, N. H., stock,
First Nat'l Bank, Peterborough, N. H., stock,
First National Bank, Concord, N. H., stock,
Laconia National Bank, Laeonia, N. H., stock
Lancaster Trust Co., Lancaster, N. H., stock,
Exeter Banking Co., Exeter, N. H., stock,
Amoskeag Mfg. Co , Manchester, N. H., stock
Manchester Mills, Manchester, N. H., stock,
Stark Mills, Manchester, N. H., stock,
Quincy Railroad Bridge Company stock,
Pullman's Palace Car Company,
Manchester, N. H., Gas Light Company stock
American Express Company stock, .
Adams Express Company stock,
Par Value.
$ 26,000 00
20,000 00
30,000 00
20,000 00
20,000 00
47,400 00
20,000 00
30,000 00
20,000 00
20,000 00
30,000 00
35,000 00
20,000 00
12,000 00
4,500 00
6,000 00
2,500 00
5,000 00
7,500 00
2,500 00
2,500 00
1,000 00
10,000 00
30,700 00
10,000 00
20,000 00
30,000 00
1,400 00
10,000 00
10,000 00
Market Value.
$32,500 00
40,000 00
47,000 00
33,000 00
25,000 00
33,180 00
32,000 00
27,600 00
13,400 00
21,000 00
46,200 00
35,000 00
19,300 00
15,000 00
2,700 00
7,800 00
3,000 00
6,500 00
22,500 00
2,875 00
2,500 00
1,000 00
16,000 00
30,700 00
9,500 00
33,000 00
46,200 00
8,400 00
11,000 00
14,500 00
:,352,500 00 $1,536,625 00
Securities held as collateral for cash loans
8 shares Manchester & Lawrence R.R.,
2 " Moline Plough Co., Moline, 111.,
Mortgage notes guaranteed,
300 shares Swift Refrigerator Trans. Co
240 " Exeter Manufacturing Co.,
Exeter Manufacturing Co. bonds, .
72 shares Pittsfield Aqueduct Co., .
30 " Pittsfield Gas Co., .
Mortgage note, . . . .
Toledo Traction Co. bonds,
Market Value.
$1,800 00
2,000 oo :
7,300 00
33,000 00
12,000 00
12,000 00
4,500 00 ,
1,800 00 !
4,000 00
39,000 00
Loaned Thereon.
$2,700 00
5,100 00
25,000 00
10,000 00
10,000 00
5,000 00
3,300 00
30,000 00
$117,400 00
H,100 00
NEW HAMPSHIRE EIRE INSURANCE CO. 297
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $64,657 31
Loans on mortgage of real estate (first liens), 623,429 66
Stocks and bonds, as per schedule, . . . 1,536,625 00
Loans on collateral security, as per schedule, . 91,100 00
Cash in the office of the compan}^, . . . 336 92
Cash deposited in bank, 108,219 15
Premiums in course of collection (gross), . 156,842 44
Gross assets, $2,581,210 48
Liabilities.
Losses adjusted, unpaid, $39,861 86
claimed and reported, .... 51,975 00
not reported, estimated, . . . 20,000 00
Unearned premiums on outstanding risks, . 913,657 68
Commissions and brokerage, .... 31,368 49
Gross liabilities, except capital, . . 1,056,863 03
Surplus as regards policy holders, $1,524,347 45
Paid-up capital, 900,000 00
Surplus over capital, . . $624,347 45
Income.
Fire premiums outstanding Dec. 31, 1895, . $168,061 15
Premiums on risks written or renewed, . . 1,238,966 42
Total, $1,407,027 57
Premiums now in course of collection, ■, . 156,842 44
Entire premiums collected, .... $1,250,185 13
Less reinsurance and return premiums, . . 193,290 53
Net cash fire premiums received, . . . ■ $1,056,894 60
Interest received on mortgages, 14,441 07
Interest and dividends received from all other sources, . . 78,093 86
Received for increased capital, . . . $100,000 00
Gross cash income, $1,149,429 53
Expenditures.
Cash paid for fire losses, $552,861 37
Deduct salvage and reinsurance, . . . 30,859 17
Net cash paid for fire losses, .... $522,002 20
Cash dividends paid, 64,000 00
Cash paid for commissions and brokerage, .... 229,480 93
298
NEW YORK FIRE INSURANCE CO.
Cash paid for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, .
|49,199 66
32,563 93
50,704 32
$947,951 04
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$128,336,172 00 $1,730,627 15
105,311,144 00 1,238,966 42
Total, v
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$233,647,316 00 $2,969,593 57
99,171,252 00 1,162,443 83
$134,476,064 00 $1,807,149 74
5,686,592 00 68,279 06
$128,789,472 00 $1,738,870 68
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
13,430,680 00
7,174,547 00
487,044 00
892,000 00
64,000 00
281,300 00
"NEW YORK FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April 18, 1832. Commenced business Dec. 22, 1832.]
Taid-up Capital, $200,000.
AUGUSTUS COLSON, President. CHARLES A. HULL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . . . ". . $100,000 00 $110,750 00
Consolidated stock (New York City), . . 100,000 00 90,000 00
Brooklyn city bonds, 55,000 00 55,000 00
.$255,000 00 $255,750 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash deposited in bank,
Interest due and accrued,
Premiums in course of collection (gross),
Rents due,
Gross assets,
$100,000 00
255,750 00
14,679 73
3,236 77
21,132 75
75 00
$394,874 25
NEW YORK FIRE INSURANCE CO.
209
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
$617 40
66,742 90
5,474 02
3,169 90
$76,004 22
$318,870 03
200,000 00
$118,870 03
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income,
$21,786 43
158,455 80
$180,242 23
21,132 75
$159,109 48
25,018 66
sources,
$134,090 82
176 25
7,002 26
4,009 04
$145,278 37
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends jDaicl
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, ....
$20,480 38
61 96
|20,418 42
12,000 00
12,549 00
23,350 08
3,674 63
5,970 28
§77,962 41
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1895, . . $12,566,278 00 $118,140 26
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured, .
Net amount in force, .
. 18,514,198 00 158,455 89
.$31,080,476 00 $276,596 15
. 15,387,958 00 140,225 89
.$15,692,518 00 $136,370 26
345,780 00 2,884 47
$15,346,738 00 $133,485 79
300
NIAGARA FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (6 per cent.),
Company's stock owned by directors,
$5,460,540 00
2,439,769 00
16,147 00
1,454,000 00
12,000 00
69,000 00
"NIAGARA FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated July, 1850. Commenced business August, 1850.]
Paid-up Capital, $500,000.
HAROLD HERRICK, President. GEORGE W. DEWEY, Secretary.
n Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds ■ . f 65,000 00 $70,850 00
New York city school bonds, .... 200,000 00 200,000 00
New York city water bonds, .... 60,000 00 60,000 00
Jersey City bonds, 10,000 00 10,800 00
Albany & Susquehanna bonds, . ■ . . . 23,000 00 27,300 00
Chicago, Mil. & St. P. Railway bonds, . . 25,000 00 29,000 00
Lake Erie & Western Railway bonds, _' . . 20,000 00 23,200 00
Morris & Essex Railway bonds, . . . 21,000 00 28,770 00
Chateaugay Ore & Iron Co. bonds, . . . 25,000 00 12,500 00
St. Paul (Minn ) Gas Light Co. bonds, . . 15,000 00 15,750 00
Town of Lake (111.) Gas Co. bonds, . . 20,000 00 20,000 00
Equitable Gas Light Co., Chicago, bonds, . 25,000 00 24,250 00
American Dock Improvement bonds, . . 10,000 00 11,500 00
James River Valley R.R. certificates, . . 25,000 00 10,000 00
County of Essex, N. J., park bonds, . . 20,000 00 20,400 00
New York & New England R'y Co. bonds, . 10,000 00 12,000 00
Wabash Railway Co. bonds 20,000 00 21,000 00
Ann Arbor Railway Co. bonds, . . . . 10,000 00 7,300 00
Chic., St. P., Minneapolis Omaha R'y Co. b'nds, 15,000 00 18,750 00
Chesapeake & Ohio Railway Co. bonds, . . 20,000 00 21,400 00
New York Central & H. R,. R.R. bonds, . . 5,000 00 5,750 00
Lehigh & Wilkesbarre Coal Co. bonds, . . 20,000 00 20,600 00
Brooklyn Union Gas Co. bonds, . . . 10,000 00 10,500 00
Columbus & Toledo Railway bonds, . . 10,000 00 11,200 00
Chicago & Erie Railway Co. bonds, . . 20,000 00 22*000 00
Philadelphia & Reading Railway bonds, . . 20,000 00 16,000 00
Lehigh Valley Railway bonds, . . . 25,000 00 27,500 00
Lehigh Coal & Navigation Co. bonds, . . 25,000 00 25,500 00
350 shares American Exchange National Bank, 35,000 00 59,500 00
200 " Chicago & Northwestern Railway, . 20,000 00 20,400 00
NIAGARA FIRE INSURANCE CO.
301
20 shares Ann Arbor Railway,
Tar Value.
$2,000 00
300
134
50
200
Delaware & Hudson Canal Co.,
Western National Bank, .
Chicago, Milwaukee & St. Paul,
13,400 00
5,000 00
20,000 00
Market Value.
$400 00
N. Y., Lackawanna & Western R'y, 30,000 00 34,500 00
15,410 00
5,700 00
26,000 00
$899,400 00 $945,730 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in office and bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Notes taken for fire risks,
Rents due,
Due for reinsurance on losses paid, .
Gross assets, f .
Deduct special deposits in other States,
Balance,
31, 1896.
$982,000 00
128,200 00
1,763 08
945,730 00
123,439 17
4,175 00
259,517 31
936 68
8,372 00
12,022 39
$2,466,155 63
55,000 00
$2,411,155 63
Liabilities.
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Dividends to stockholders, unpaid, .
Commissions and brokerage, .
Reinsurance,
Reserve for contingent liability,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
|168,510 27
21,371 75
$147,138 52
1,235,674 89
262 50
45,415 53
9,439 30
50,000 00
60,968 31
f 1,548,899 05
8,697 67
1,540,201 38
$870,954 25
500,000 00
$370,954 25
* Total value of property mortgaged, ..... $251,900 00
Amount of insurance held as collateral, ..... 109,000 00
t Including $250,000 special reserve fund held under New York law.
302
NIAGARA FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected, .... $2,024,753 57
Less reinsurance and return premiums, . . 461,032 96
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Kec'd for inland salvages in excess of amount paid for losses,
$191,047 31
2,093,223 57
*2,284,270 88
259,517 31
Gross cash income, .....
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for inland losses,
Deduct salvage and reinsurance,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total, . . . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
,563,720 61
1,355 00
38,584 11
19,707 10
1,690 76
. $1,625,057 58
. 8881,121 15
100,180 40
$780,940 75
*
$648 83
648 83
. • • •
49,996 00
....
305,673 96
M3S, .
144,326 06
•
37,308 88
.
127,533 88
.
$1,445,779 53
JMS.
Premiums.
$279,577,658 00 $2,646,427 10
206,955,622 00
2,093,223 57
$486,533,280 00
190,509,959 00
$296,023,321 00
38,171,715 00
^4,739,650 67
2,008,338 68
^2,731,311 99
378,640 94
$257,851,606 00 $2,352,671 05
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the } T ear (10 percent.),
Company's stock owned by directors, ....
,236,145 00
21,041,662 00
753,044 00
2,434,000 00
50,000 00
132,050 00
NORTHWESTERN NATIONAL INSURANCE CO.
303
"NORTHWESTERN NATIONAL INSURANCE COMPANY OF
MILWAUKEE, WISCONSIN," MILWAUKEE, WIS.
[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.]
Paid-up Capital, $600,000.
ALFRED JAMES, President. WILFORD M. PATTON", Secretary.
Detailed Statement of Stocks
United States bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Milwaukee, L. S. & Western R.R. bonds,
Milwaukee & Northern Railroad bonds, .
Chicago & Northwestern Railroad bonds,
Milwaukee city bonds, ....
Chicago Sanitary District bonds,
Waukesha sewerage bonds,
Chicago, Burlington & Quincy R.R. bonds,
and Bonds.
Par Value.
$200,000 00
200,000 00
50,000 00
50,000 00
100,000 00
129,000 00
50,000 00
30,000 00
50,000 00
Market Value.
$218,000 00
213,500 00
62,500 00
57,500 00
116,000 00
129,150 00
52,500 00
31,500 00
58,000 00
$859,000 00 $968,650 00
Summary of Assets Dec.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
31, 1896.
$889,156 67
7,929 21
968,650 00
2,224 11
138,979 51
2,666 66
93,451 99
$2,103,058 18
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding
Commissions and brokerage, .
Reinsurance, ....
risks,
$5,428 18
41,727 90
7,500 00
$54,656 08
7,277 02
$47,379 06
835,011 53
23,446 33
3,628 47
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$2,086,130 00
1,513,717 00
782,700 00
304
NORTHWESTERN NATIONAL INSURANCE CO.
Other claims, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1895, . 891,020 18
Same not collected, 98 48
Net collected, f 90,921 70
Premiums on risks written or renewed, . . 929,706 17
Total, ........ $1,020,627 87
Premiums now in course of collection, . . 93,451 99
Entire premiums collected, .... $927,175 88
Less reinsurance and return premiums, . . 149,147 20
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
$885 08
2,405 05
$912,755 52
$1,190,302 66
600,000 00
$590,302 66
?78,028 68
45,453 95
46,659 29
Gross cash income,
,141 92
Expenditures.
Cash paid for fire losses, $337,197 22
Deduct salvage and reinsurance, . . . 25,797 55
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, . . . .
Risks and Premiums.
|311,399 67
72,000 00
185,454 89
84,057 32
19,755 86
48,307 48
$720,975 22
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,. . . .
Deduct risks expired and terminated,
In force at end of year, . ,
Deduct amount reinsured,
Premiums.
$135,976,654 00 $1,521,929 37
. 81,286,678 00 929,706 17
$217,263,332 00 $2,451,635 54
. 66,302,182 00 797,490 55
$150,961,150 00 $1,654,144 99
. 8,857,100 00 89,739 82
Net amount in force, .
$142,104,050 00 $1,564,405 17
NORWALK FIRE INSURANCE CO.
305
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire and tornado losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
$12,904,277 00
6,687,211 00
304,532 00
1,275,000 00
72,000 00
262,500 00
"NORWALK FIRE INSURANCE COMPANY," NORWALK, CONN.
[Incorporated 1859. Commenced business May, I860.]
Paid-up Capital, $200,000.
ARCHIBALD G. McILWAINE, Jr., President. FERRIS E. SHAW, Secretary.
Detailed Statement of Stocks
United States bonds, .
New Britain, Conn , bonds,
New London, Conn., bonds,
Norwalk, Conn., bonds, .
South Norwalk, Conn., bonds, .
Willimantic, Conn., bonds,
Central Ohio Railroad bonds, .
Central Railroad of New Jersey bonds,
Chesapeake & Ohio Railroad bonds,
Chicago, Burlington & Quincy Railroad bonds
Chicago & Erie Railroad bonds,
Lehigh Vallev Terminal Railroad bonds,
Milwaukee, Lake Shore & Western R.R. bonds
New York, Ontario & Western R R. bonds,
N. Y., Susquehanna & Western R.R. bonds,
Philadelphia & Reading Terminal R.R. bonds
West Shore Railroad Bonds, .
25 shares Chicago, Burlington & Quincy R.R
65
33
30
50
15
18
40
15
23
Chicago, Milwaukee & St. Paul R.R
Chicago, Rock Island & Pacific R R
Lake Shore & Michigan South. R.R
N. Y., Lackawanna & Western R.R.
Central National Bank of Norwalk
Fairfield County National Bank,
National Bank of Norwalk, Conn.,
Fourth National Bank, New York,
German- American Bank, New York
Norwalk Gas Light Company, .
and Bonds.
Par Value.
$115,000 00
25,000 00
5,000 00
25,000 00
25,000 00
20,000 00
9,000 00
40,000 00
7,500 00
5,000 00
10,000 00
12,000 00
3,000 00
8,000 00
3,000 00
10,000 00
20,000 00
2,500 00
6,500 00
3,300 00
3,000 00
5,000 00
1,500 00
800 00
1,800 00
4,000 00
1,125 00
575 00
Market Value.
$124,169 00
= 26,468 00
5,385 00
28,156 00
27,188 00
21,050 00
8,820 00
45,800 00
8,025 00
5,750 00
10,900 00
13,080 00
3,900 00
8,600 00
3,000 00
11,000 00
21,100 00
1,737 00
6,215 00
2,162 00
4,500 00
5,900 00
1,500 00
400 00
1,800 00
7,200 00
1,215 00
690 00
$372,600 00 §405,710 00
306
NOR WALK FIRE INSURANCE CO.
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Due for reinsurance on losses, .
Gross assets, . . . .
31, 1896.
$405,710 00
2,172 37
6,869 89
32,245 52
4 65
$447,002 43
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
$1,858 00
7,154 00
400 00
$9,412 00
756 00
$8,656 00
81,458 82
2,272 96
6,589 34
3,233 24
342 24
102,552 60
$344,449 83
200,000 00
$144,449 83
Income.
Fire premiums outstanding Dec. 31, 1895, . $21,375 42
Premiums on risks written or renewed, . . 176,385 28
Total $197,760 70
Premiums now in course of collection, . . 32,245 52
Entire premiums collected, ..... $165,515 18
Less reinsurance and return premiums, . . 35,242 65
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
$130,272 53
11,580 36
Gross cash income, . . . . . . . . $141,852 89
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
$43,394 82
6,836 65
$36,558 17
6,135 00
NORWOOD INSURANCE CO.
307
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, ....
,540 55
6,782 38
1,250 26
6,741 14
,007 50
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $7,579,563 00
. 18,540,259 00
Premiums.
$67,182 46
176,385 28
$26,119,822 00 $243,567 74
9.458,737 00 84,953 75
.$ 16,661,085 00 $158,613 99
. 1,323,300 00 12,959 67
. $15,337,785 00 $145,654 32
Miscellaneous.
Premiums received from organization of company, . . $611,749 00
Losses paid from organization of company, . . . . 231,925 00
Fire losses incurred during the year, 38,909 00
Cash dividends declared from organization of company, . 122,425 00
Dividends declared during the year, 6,135 00
Company's stock owned by directors, 2,700 00
"NORWOOD INSURANCE COMPANY OF NEW YORK," NEW
YORK, N. Y.
[Incorporated Sept. 20, 1895. Commenced business Sept. 21, 1895.]
Paid-up Capital, $200,000.
GEORGE S. POTTER, President. ANDREW J. ARMSTRONG, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$103,000 00
100,000 00
United States bonds, . . -
New York City bonds,
Brooklyn city bonds,
Duluth & Iron Range R.R. bonds,
Chicago & Indiana Coal R R. bonds
50 shares Continental Trust Co ,
100,000 00
15,000 00
10,000 00
5,000 00
Market Value.
$115,875 00
98,250 00
103,000 00
15,300 00
10,250 00
8,600 00
$333,000 00 $351,275 00
308
NORWOOD INSURANCE CO.
Summary of Assets Dec. 31, 1896.
Stocks and bonds, as per schedule, . . ■. $351,275 00
Cash in the office of the company, . . . 28,142 18
Cash deposited in bank, 33,846 10
Premiums in course of collection (gross), . 184,074 93
Notes taken for marine and inland risks, . 12,978 24
Prem's more than three mos. due, $4,551 50
Gross assets,
,316 45
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Unused balances of premium notes,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$26,591 95
32,289 24
2,325 00
261,319 56
1,813 11
832 98
37,789 03
15,252 29
284 19
378,497 35
. $231,819 10
200,000 00
$31,819 10
Income.
Fire premiums outstanding Dec. 31, 1895, . $124,247 02
Same not collected, . . . . . . 3,259 12
Net collected, $120,987 90
Premiums on risks written or renewed, . . 675,806 87
Total, $796,794 77
Premiums now in course of collection, . . 181,451 94
Entire premiums collected, .... $615,342 83
Less reinsurance and return premiums, . . 208,851 50
Net cash fire premiums received, . . .
Marine premiums on risks written, . . . $114,681 87
Premiums now in course of collection, . . 2,622 99
Net cash marine premiums received, . .
Interest and dividends received from all sources, .
$406,491 33
112,058 88
13,450 71
Gross cash income,
$532,000 92
NORWOOD INSURANCE CO.
309
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
Gross cash expenditures, ....
$233,374 92
45,782 10
$41,295 36
1,175 94
|187,592 82
40,119 42
20,000 00
92,709 02
32,459 76
4,520 43
44,047 16
$421,448 61
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$20,336,709 00
. 65,404,642 00
. $85,741,351 00
. 42,913,070 00
. $42,828,281 00
. 1,924,701 00
Premiums.
$225,997 63
675,806 87
$901,804 50
416,065 57
$485,738 93
15,918 99
. $40,903,580 00 $469,819 94
$107,557 00
9,843,200 00
$9,950,757 00
8,265,566 00
$1,685,191 00
60,221 00
$1,649 09
114,681 87
$116,330 96
60,763 83
$55,567 13
2,747 94
$1,624,970 00 $52,819 19
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the vear, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 percent.), .
Company's stock owned by directors, ....
$643,527 00
234,583 00
264,216 00
25,068 00
20,000 00
20,000 00
99,200 00
310
ORIENT INSURANCE CO.
"ORIENT INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated June, 1867. Commenced business January, 1872.]
Paid-up Capital, $500,000.
CHARLES B. WHITING, President. JAMES U. TAINTOR, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
504 shares American Nat'l Bank, Hartford, . $25,200 00 $34,272 00
122 " ^tna National Bank, Hartford, . 12,200 00 18,300 00
130 " Charter Oak Nat'l B'k, Hartford, 13,000 00 12,350 00
104 " Farm. & Mech. N'l B'k, Hartford, 10,400 00 11,960 00
152 " Mercantile Nat'l Bank, Hartford, 15,200 00 12,160 00
74 " Phoenix National Bank, Hartford, 7,400 00 9,102 00
200 " Exchange Nat'l Bank, Hartford, . 10,000 00 12,600 00
113 " City National Bank, Hartford, . 11,300 00 11,978 00
71 " First National Bank, Hartford, . 7,100 00 8,023 00
1,000 " Hartford Nat'l Bank, Hartford, . 100,000 00 140,000 00
100 " Conn. T. and S. Dep. Co., Hart., . 10,000 00 17,000 00
200 " Thames Nat'l Bank, Norwich, . 20,000 00 30,000 00
80 " First National Bank, Norwich, . 8,000 00 8,000 00
6 " Rockville Nat'l Bank, Rockville, . 600 00 600 00
75 " Metropolitan N'l B'k, New York, 7,500 00 450 00
302 " Mechanics' Nat'l Bank, New York, 7,550 00 14,345 00
50 " Holland Trust Co., New York, . 5,000 00 4,000 00
25 " N'l Ger. Am B'k, St. Paul, Minn., 2,500 00 2,500 00
804 " N. Y.,N. H. & Hartford R.R., . 80,400 00 142,710 00
404 " PennsylvaniaR.il., . . . 20,200 00 20,604 00
220 " N. Y. C. & H. R. R.R., . . . 22,000 00 20,460 00
50 " Union Pacific R.R , . . . . 5,000 00 450 00
100 " Central Pacific R.R., . . . 10,000 00 1,550 00
400 " Cleveland & Pittsburgh R.R. Co., 20,000 00 32,400 00
220 " C, B. & Quincy R.R., . . . 22,000 00 15,262 50
200 " Illinois Central R.R , . 20,000 00 18,500 00
100 " Chic, Rock Island & Pacific R.R., 10,000 00 6,550 00
170 " Southern Railway Co., . . . 17,000 00 4,420 00
100 " Chicago & Northwestern R.R., . 10,000 00 15,150 00
100 " Delaware & Hudson Canal Co., . 10,000 00 11,525 00
150 " Cleve. Term. & Valley R.R Co., . 15,000 00 1,500 00
100 " Rensselaer & Saratoga R.R Co , . 10,000 00 18,200 00
1C0 " Chic. Jet. R'y & U. S'k Yd. Co., . 10,000 00 10,400 00
200 " Morris & Essex R.R. Co., . . 10,000 00 16,375 00
50 " Old Colony R R. Co 5,000 00 8,800 00
300 " Northwestern Telegraph Co., . 15,000 00 17,100 00
Georgia State bonds, 25,000 00 28,750 00
County of Coffey, Kan., bonds, . . . 10,000 00 10,800 00
County of Dickinson, Kan., bonds, . . . 10,000 00 11,000 00
County of Finney, Kan., bonds, . . . 10,000 00 10,200 00
ORIENT INSURANCE CO.
311
County of Kidder, Dak., bonds,
County of Wichita, Kan., bonds,
County of Pierce, Wash., bonds,
County of Glynn, Ga., bonds, .
County of White, Tenn., bonds,
County of Lyon, Iowa, bonds, .
City of Evansville, Ind., bonds,
City of New Brunswick, N. J., bonds,
City of Richmond, Va., bonds, .
City of Norfolk, Va., bonds,
City of Sioux Falls, Dak., bonds,
City of Wichita Falls, Tex., bonds, .
City of Fort Worth, Tex., bonds,
City of Fayetteville, N. C, bonds, .
Town of Thoraaston, Conn., bonds, .
Medicine Lodge Township, Kan., bonds,
Bethany Township, Kan., bonds,
Oswego Township, Kan., bonds,
Precinct of Stanton, Neb., bonds,
Precinct of Beaver, Neb., bonds,
Vermont Valley Railroad Company bonds,
Pittsburgh, Cleveland & Toledo R.R. bonds,
Kansas Pacific Railroad bonds,
C, C, Cincinnati & Indianapolis R.R bonds,
Morris & Essex Railroad bonds,
Chicago, Milwaukee & St. Paul RR bonds,
Dayton & Michigan Railroad bonds,
Terre Haute & Logansport Railroad bonds,
Chicago, Burlington & Northern R R. bonds,
Ohio & W T est Virginia Railroad bonds, .
Columbus & Toledo Railroad bonds,
Cincinnati, Jackson & Mackinaw R.R. bonds,
East Tenn., Virginia & Georgia R.R. bonds,
Southern Railroad bonds,
Detroit, Grand Rapids & West'n R.R. bonds,
Hartford Street Railway bonds,
Anderson, Ind., Electric Street R'y Co. bonds,
Philadelphia & Reading R R. Co. bonds, .
Indiana &Lake Michigan R.R. Co. bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
N. Y , N. H. & H. R.R. bonds, .
Norfolk & Western Railroad bonds,
Cleveland, Terminal & Valley R.R. bonds,
Baltimore Belt R R Co. bonds,
Cincinnati, Dayton & Ironton R.R , .
Kanawha & Michigan R.R.,
Chicago, Rock Island & Pacific bonds, .
Par Value.
$5,000 00
4,000 00
10,000 00
10,000 00
8,000 00
10,000 00
20,000 00
10,000 00
24,000 00
20,000 00
13,000 00
10,000 00
10,000 00
10,000 00
15,000 00
5,000 00
4,000 00
5,000 00
8,000 00
5,000 00
25,000 00
10,000 00
10,000 00
35,000 00
10,000 00
20,000 00
25,000 00
14,000 00
1,500 00
3,000 00
13,000 00
12,000 00
15.000 00
6,000 00
10,000 00
40,000 00
10,000 00
10,000 00
20,000 00
20,000 00
5,100 00
32,200 00
10,000 00
10,000 00
20,000 00
10,000 00
25,000 00
10,000 00
Market Value.
$5,400 00
4,400 00
10,800 00
10,200 00
8,320 00
5,000 00
20,000 00
10,300 00
30,240 00
21,2i)0 00
14,560 00
11,000 00
10,100 00
10,300 00
15,750 00
5,000 00
4,080 00
5,100 00
8,560 00
5,400 00
27,500 00
10,525 00
6,800 00
45,050 00
13,800 00
26,000 00
26,750 00
11,200 00
1,560 00
3,450 00
14,950 00
6,000 00
16,050 00
5,460 00
6,500 00
41,000 00
10,200 00
11,000 00
17,000 00
12,200 00
5,480 50
43,792 00
6,500 00
7,000 00
18,300 00
10,750 00
19,500 00
10,450 00
312
ORIENT INSURANCE CO.
Brooklyn Wharf & Warehouse Co. bonds,
Territory of Arizona funding bonds,
Iowa Mortgage Co trust debenture notes,
Mason and Tazewell District, 111., bonds,
Rutland and Grafton District, 111., bonds,
First Baptist Church, Nashville, Tenn., bonds
Alexandria, Ind , water works, .
Kansas school bonds,
Nebraska school bonds,
Dakota school bonds,
Wyoming Territory school bonds,
Colorado school bonds,
Texas school bonds, .
Washington school bonds,
Arizona Improvement Co. bonds,
Southwestern Irrigation Co. bonds,
Par Value.
$25,000 00
25,000 00
2,000 00
5,000 00
2,000 00
11,500 00
9,000 00
20,197 00
12,345 07
8,000 00
3,000 00
8,000 00
15,000 00
10,000 00
10,000 00
5,000 00
Market Value.
$25,000 00
25,500 00
2,000 00
5,100 00
2,000 00
11,730 00
9,450 00
21,566 85
13,499 58
9,040 00
3,450 00
8,800 00
15,800 00
10,700 00
10,000 00
2,500 00
$1,448,392 07 $1,596,960 43
Securities held as collateral for cash loans : —
4 shares iEtna Fire Insurance Co , Hartford,
24 " Adams Express Company,
Market Value. Loaned Thereon.
$1,000 00 $400 00
3,480 00 1,350 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets, .....
Deduct special deposits in other States, .
$4,480 00 $1,750 00
31, 1896.
$48,355 29
228,119 66
3,899 65
1,596,960 43 ]
1,750 00
4,663 03
124,417 98
10,085 52
260,074 44
404 25
$2,278,730 25
106,628 00
Balance, $2,172,102 25
Liabilities.
Losses adjusted and reported, .... $145,256 36
Losses disputed or resisted, .... 24,024 01
Unearned premiums on outstanding risks, . 984,025 18
* Total value of property mortgaged,
. Amount of insurance held as collateral,
$743,317 00
122,950 00
ORIENT INSURANCE CO.
313
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital, .
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, .
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
$63,259 33
10,800 44
,227,365 32
43,968 39
$1,183,396 93
Total, .
Premiums now in course of collection, . .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,. . . .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .....
Gross cash income, ....
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$260,421 21
1,294 89
$259,126
1,727,296
32
56
$1,986,422
258,803
88
26
$1,727,619
415,043
62
06
$5,090 75
26,734 56
$31,825
1,271
31
18
$30,554
6,075
13
37
sources,
$848,982 63
75,930 11
,845 84
2,339 96
,705 32
500,000 00
$488,705 32
,312,576 56
24,478 76
11,227 47
78,024 28
539 23
$1,426,846 30
$773,052 52
66,505 88
40,000 00
260,733 33
106,573 40
33,604 45
78,569 01
$1,359,038 59
314
PACIFIC FIRE INSURANCE CO.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$154,872,223 00 $1,899,432 12
135,985,233 00 1,727,296 56
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year,
$290,857,456 00 $3,626,728 68
130,729,166 00 1,682,941 80
$160,128,290 00 $1,943,786 88
3,287,109 00 25,527 28
$156,841,181 00 $1,918,259 60
. $1,829,859 00 $57,374 03
949,468 00 26,734 56
52,779,3^7 00 $84,108 59
2,100,114 00 62,788 54
$679,213 00 $21,320 05
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$16,938,215 00
10,525,551 00
784,501 00
37,341 00
1,065,000 00
40,000 00
73,950 00
"PACIFIC FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April 16, 1851. Commenced business April 29, 1851.]
Paid-up Capital, $200,000.
FRANK T. STINSON, President. GEORGE JEREMIAH, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $ 150,000 00
New York City bonds, 175,000 00
Broadway & Seventh Avenue Railroad bonds, 10,000 00
New York Central & Hudson River R.R. stock, 22,000 00
Rome, Watertown & Ogdensburg R.R. stock, . 15,000 00
Brooklyn city bond 10,000 00
500 shares Brooklyn City Railroad, . . . 5,000 00
Market Value.
$180,000 00
175,000 00
10,500 00
20,570 00
17,700 00
10,150 00
8,700 00
$387,000 00 $422,620 00
PACIFIC FIRE INSURANCE CO.
315
$773,794 39
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *) , $268,000 00
Interest due or accrued thereon, . . . 2,223 08
Stocks and bonds, as per schedule, . . . 422,620 00
Cash in the office of the company, . . . 9,937 09
Cash deposited in bank, 8,127 61
Interest due and accrued, 1,719 98
Premiums in course of collection (gross), . 61,098 82
Reinsurance due, 67 81
Prem's more than three mos. due, $1,178 03
Gross assets,
Liabilities.
Losses adjusted, unpaid, $9,345 62
claimed and reported, .... 19,944 17
disputed or resisted, .... 5,334 00
I
Total amount of losses, $34,623 79
Less reinsurance, 1,081 30
Net amount of unpaid losses, .... $33,542 49
Unearned premiums on outstanding risks, . 270,870 84
Due and accrued for rent, salaries, etc , . . 3,560 00
Due for borrowed money, .... 15,000 00
Commissions and brokerage, .... 13,747 24
Return premium and reinsurance, . . . 8,229 91
Reinsurance disallowed, 12,322 80
Gross liabilities, except capital, . .
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1895, . $58,781 76
Same not collected, 881 71
Net collected, $57,900 05
Premiums on risks written or renewed, . . 471,241 02
Total, $529,141 07
Premiums now in course of collection, . . 62,276 85
Entire premiums collected, .... $466,864 22
Less reinsurance and return premiums, . . 93,794 44
Net cash fire premiums received, . . . $373,069 78
Interest received on mortgages, 12,650 00
Interest and dividends received from all other sources, . . 13,636 00
357,273 28
$416,521 11
200,000 00
$216,521 11
Gross cash income, ........ $399,355 78
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$212,000 00
298,000 00
269,000 00
316
PENNSYLVANIA FIRE INSURANCE CO.
Expenditures.
Cash paid for fire losses, . . . . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
$223,570 98
13,250 78
$210,320 20
20,000 00
79,873 03
34,718 94
10,429 75
24,072 61
,414 53
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$58,100,939 00 $570,953 56
44,207,465 00 471,241 02
Total, ......
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
$102,308,404 00 $1,042,194 58
45,285,170 00 468,188 48
$57,023,234 00 $574,006 10
4,360,805 00 38,211 99
$52,662,429 00 $535,794 11
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, . . ...
$7,875,672 00
4,195,137 00
187,655 00
1,418,000 00
20,000 00
41,225 00
"PENNSYLVANIA FIRE INSURANCE COMPANY,"
PHILADELPHIA, PA.
[Incorporated March, 1825. Commenced business April, 1825.]
Paid-up Capital, $400,000.
R. DALE BENSON, President. W. GARDNER CROWELL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $95,000 00 $106,500 00
Philadelphia city bonds 17,000 00 19,280 00
Phila., Wilmington & Bait. R.R. certificates, . 115,000 00 119,300 00
PENNSYLVANIA FIRE INSURANCE CO.
317
Philadelphia & Erie Railroad bonds,
Pennsylvania Railroad bonds, .
Easton & Amboy Railroad bonds, .
Philadelphia & Reading Railroad Company,
Lehigh Valley Railroad Company, .
Elmira & Williamsport Railroad Company,
West Jersey Railroad Company,
Pennsylvania & New York Canal & R.R. Co.,
Chicago & Western Indiana Railroad,
Chicago, Burlington & Quincy Railroad,
Jacksonville, Louisville & St. Louis Railroad,
Jacksonville Southeastern Railway Company,
Shamokin, Sunbury & Lewisburg Railroad,
Corning, Cowan esque & Antrim Railroad,
Terre Haute & Logansport Railroad,
New York & Long- Branch Railroad,
St. Paul & Northern Pacific Railroad,
Lehigh Valley Coal Company,
Pittsburgh,' McKeesport & Youghiogheny R R.
Pittsburgh, Cincinnati & St. Louis Railroad,
Cleve., Columbus, Cin & Indianapolis R.R.,
Grand Rapids & Indiana Railroad, .
New York, Susquehanna & Western R.R.,
Lake Shore & Michigan Southern R'y Co.,
Lehigh Coal & Navigation Company,
Buftalo & Susquehanna Railroad,
Baltimore & Ohio Railroad Co.,
Indiana & Vincennes Railroad Co., .
Chicago & Erie Railroad Co., .
Baltimore & Potomac Railroad Co.,
McKeesport & Belle Vernon R.R. Co., .
Knoxville Water Company,
Western Transit Company, . , .
Lehigh Coal & Navigation Co.,
Chesapeake & Delaware Canal Co.,
Delaware Division Canal Company,
Car Trust of New York bonds,
St. Louis city bonds,
Cincinnati city bonds, ....
City of Springfield, 111., funding bonds, .
City of Topeka, Kan., internal improve, bonds
City of Dayton, Ohio, bonds, .
City of Columbus, Ohio, bonds,
City of Quincy, 111., bonds,
City of Sandusky, Ohio, bonds,
Kansas City, Kan., internal improve, bonds,
Newark City, Ohio, bonds,
Wabash Railroad Co. bonds, .
Par Value.
$75,000 00
99,000 00
50,000 00
228,500 00
183,000 00
25,000 00
10,000 00
188,000 00
112,000 00
100,000 00
32,000 00
11,000 00
20,000 00
3,000 00
50,000 00
25,000 00
50,000 00
50,000 00
20,000 00
50,000 00
30,000 00
21,000 00
60,000 00
50,000 00
100,00'J 00
60,000 00
10,000 00
43,000 00
50,000 00
15,000 00
21,000 00
15,000 00
50,000 00
20,000 00
10,000 00
25,000 00
4,000 00
25,000 00
48,000 00
35,000 00
26,520 00
52,000 00
50,<,00 00
25,000 00
19,500 00
6,000 00
12,000 00
20,000 00
Market Value.
$89,250 00
116,820 00
53,500 00
235,685 00
207,490 00
30,000 00
10,800 00
192,190 00
129,600 00
118,000 00
12,800 00
11,000 00
20,400 00
3,000 00
37,500 00
27,500 00
61,500 00
48,500 00
24,000 00
55,000 00
37,500 00
2,100 00
63,000 00
59,500 00
104,000 00
60,000 00
11,000 00
45,150 00
55,000 00
18,375 00
26,460 00
15,000 00
51,000 00
20,4U0 00
4,700 00
24,000 00
4,000 00
30,000 00
57,000 00
35,700 00
27,315 00
55,790 00
51,280 00
25,000 00
19,890 00
6,000 00
12,240 00
14,000 00
318
PENNSYLVANIA FIRE INSURANCE CO.
Pittsburgh Junction Terminal Company,
Newburgh & New York Railroad Co.,
Northern Central Railroad Co.,
Baltimore & Ohio Railroad Co.,
Baltimore Belt Railroad Co., .
West Knoxville Gen Improvement Co.,
Atlantic City Railroad Co.,
Camden Horse Railroad Co., .
Bellefonte Central Railroad Co.,
Evansville & Terre Haute R.R. Co.,
School Dist. of the Borough of Sewickley, Pa.
200 shares Philadelphia National Bank, .
440 " Bellefonte Central Railroad Co.,
10 " Philadelphia Bourse,
Securities held as collateral for cash loans
12 shares Continental Insurance Co., N. Y
14 " Bank of North America,
15 " Manayunk National Bank, .
30 " Ninth National Bank, .
7 " Moorestown National Bank,
5 " Burl. Co. Safe Dep. & Trust Co.,
5 " Fire Ins. Co. of County of Phila
50 " Manayunk Trust Company,
31 " Insurance Co. of North America,
62 " North Pennsylvania Railroad Co.
1,250 " Lehigh Valley Railroad Co ,
9 " Penn. Co. for Ins. on Lives, etc.,
5 " Penn. Fire Insurance Co. stock,
4 " United Canal and R.R. Co. of N.J.
65 " Insurance Co. of North America
26 " Germania Insurance Co., N. Y.,
16 " 1st Nat'l Bank, Shippensburg, Pa.
100 " Norrist'n Tit., Tr. & Safe Dep. Co.
200 " Lehigh Valley Railroad Co.,
100 " Huntingdon & Broad Top R.R. Co.
20 " Commercial National Bank,
200 ." Philadelphia Traction Co., .
200 " Northern Pacific Railroad, .
846 " Security Trust Company,
105 " Lehigh Coal & Naviga. Co. stock
10 " Cometh Title Ins. & Trust Co.,
Pitts., Cincinnati & St. Louis Railway Co.,
Bellefonte Central Railroad Co.,
25 shares Western National Bank, .
50 " New England Loan and Trust Co ,
Pulaski Iron Company bonds, .
Par Value.
$25,000 00
15,000 00
18,000 00
50,000 00
50,000 00
20,000 00
30,000 00
25,000 00
2,500 00
25,000 00
21,000 00
20,000 00
22,000 00
500 00
Market Value.
f25,000 00
15,000 00
20,700 00
50,000 00
46,500 00
20,000 00
31,200 00
25,750 00
2,500 00
22,500 00
25,200 00
38,000 00
11,000 00
100 00
$2,838,520 00 $2,998,465 00
Market Value.
$3,660 00
3,486 00
2,700 00
4,200 00^1
1,575 00
350 00
525 00
600 00
682 00 J
5,146 00
37,500 00
4,500 00 ^
1,750 00
932 00 >
1,430 00
5,460 00 ;
3,040 00
8,000 00
6,000 00 -n
2,400 00 i
600 00 )
13,200 00 )
2,800 00 S
39,762 00
4,305 00 n
670 00 V
1,100 00 )
4,000 00
2,000 00 \
5,000 00 V
5,000 00 )
Loaned Thereon.
$3,000 00
1,750 00
2,000 00
y 6,500 00
3,500 00
25,000 00
4,000 00
2,300 00
6,500 00
7,400 00
12,000 00
25,000 00
5,000 00
2,000 00
10,000 00
PENNSYLVANIA FIRE INSURANCE CO.
19
Market Value. Loaned Thereon.
40 shares Pennsylvania Railroad Co.,
60 " North Pennsylvania R.R. Co., .
Boston United Gas bonds, ....
Wash., Alex'dria & Mt.Vernon Electric R'y Co.,
30 shares Girard Life Ins., Annuity & Tr. Co ,
100 " Philadelphia Traction Co.,
Philadelphia & Reading- Railway, .
North Pennsylvania Railroad Co., .
$2,080 00^
4,980 00
21,250 00
2,000 00
11,400 00
6,600 00
1,200 00
48,400 00
$21,000 00
15,000 00
40,000 00
$270,283 00 $191,950 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule
Cash in the office of the company, .
Cash deposited in bank, . .
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
$184,500 00
879,070 00
13,806 66
2,998,465 00
191,950 00
1,079 66
226,389 83
2,078 14
281,685 68
1,779,024 97
106,500 00
Balance, $4,672,524 97
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
$15,553 00
134,237 00
12,674 00
1,420,803 31
805,307 85
24,000 00
15,473 93
£2,428,049 09
43,383 09
2,384,666 00
52,287,858 97
400,000 00
$1,887,858 97
* Total value of property mortgaged,
Amount of insurance held as collateral,
$2,197,550 00
667,400 00
320
PENNSYLVANIA FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1895
Same not collected, ....
Net collected, . . . .
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all othei
Income from rents, ....
Deposits received for perpetual fire risks
Gross cash income, . . .
Expenditures
Cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employe
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks,
$235,637 66
10,095 05
$225,542 61
2,190,661 93
!,416,204 54
281,685 68
$2,134,518 86
419,325 44
$1,715,193 42
.
.
42,111
98
sources, .
.
156,137
39
.
.
2,701
92
$48,587
23
$1,916,144
71
es,
,140 28
80,000 00
429,701 64
102,160 00
36,812 48
101,440 08
$23,356 63
Gross cash expenditures, .
[,639,254 48
$491,945,355 00 $4,911,297 10
182,729,491 00 1,969,219 29
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1895, . $279,042,792 00 $2,720,635 17
Fire risks written during 1896, . 212,902,563 00 2,190,661 93
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Perpetual risks in force (not incPd above)
$309,215,864 00 $2,942,077 81
17,450,231 00 149,871 94
$291,765,633 00 $2,792,205 87
$35,582,448 00 $881,322 77
PIIENIX INSURANCE CO.
32L
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (20 per cent.), .
Company's stock owned by directors,
$ 30,632,270 00
16,911,526 00
878,000 00
2,849,000 00
80,000 00
53,700 00
"PHENIX INSURANCE COMPANY, 1 ' BROOKLYN, N. Y.
[Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.]
Paid-up Capital, $1,000,000.
GEORGE P. SHELDON", President.
CHARLES C, LITTLE, Secretary.
Detailed Statement of Stocks and Bonds,
Par Value.
United States bonds, ..... $480,000 00
State of Virginia bonds, . . . . . 100,000 00
City of Richmond, Va., bonds, .
New York City consolidated stock, .
King's County Elevated Railway Co. bonds,
Louisville, Henderson & St. Louis R'y Co. b'ds,
Louisville & Nashville Railroad Co. bonds,
Norfolk & Western Railroad Company bonds,
United Traction & Electric Railway Co. bonds,
Missouri, Kansas & Texas Railway Co. bonds,
Met. West Side Elevated R'y of Chicago b'ds,
Cleveland & Mahoning Valley R.R. Co. bonds,
Philadelphia & Reading Railroad Co. bonds,
N. Y., N. H. & Hartford R R. debentures,
Missoula County, M. T., bonds,
U. S. Illuminating Company bonds,
Lake Gas Company of Chicago bonds,
Grand Rapids Gas Light Company bonds,
Madison Gas & Electric Company bonds,
1,000 shares Chicago & Alton Railroad Co.,
1,000 " Morris & Essex R R Co., .
713 " Rome, Water. & OgdVh R.R. Co.
1,000 " Delaware & Hudson Canal Co.,
1,000 " Pitts , Ft. Wayne & Chicago R.R
1,000 " Syracuse, Bingh'ton & N. Y. R.R.
500 " Rensselaer & Saratoga R.R. Co.,
200 " Nat/1 Shoe and Leather B'k, N.Y.
386 " Nat'l Bank of the Republic, N. Y.
21,000 00
762,000 00
26,000 00
17,500 00
25,000 00
25,000 00
25,000 00
50,000 00
35,000 00
25,000 00
50,000 00
200,000 00
12,000 00
25,000 00
50,000 00
33,000 00
25,000 00
100,000 00
50,000 00
71,300 00
100,000 00
100,000 00
100,000 00
50,000 00
20,000 00
38,600 00
Market Value.
$557,600 00
63,000 00
21,000 00
762,000 00
11,700 00
14,000 00
24,375 00
16,250 00
25,625 00
40,000 00
14,000 00
30,000 00
40,750 00
272,000 00
13,200 00
25,000 00
51,000 00
29,700 00
23,750 00
163,000 00
83,000 00
84,134 00
115,000 00
166,000 00
165,000 00
91,500 00
19,000 00
55,970 00
;22
PHENIX INSURANCE CO.
87 shares Nat 1 ! Bank of Commerce, N. Y.,
2u0 " Fourth Natl Bank, N. Y., .
100 " Mercantile Natl Bank, N. Y.,
253 " National Park Bank, N. Y., .
1 ,200 " Chatham National Bank, N. Y.,
408 " Mechanics' Bank, Brooklyn,
600 " National City Bank, Brooklyn,
200 " Phenix National Bank, N. Y.,
191 " Brooklyn Bank, Brooklyn, .
100 " Bond and Mort. Guarantee Co.,
187 " New York Mutual Gas Light Co
170 " Madison Gas and Electric Co.,
I,5(i0 " Central and So. Amer Tel. Co ,
1,500 " Western Union Telegraph Co.,
430 " Mexican Telegraph Co.,
Par Value.
$8,700 00
20,000 00
10,000 00
25,300 00
30,000 00
20,400 00
30,000 00
4,000 00
9,550 00
10,000 00
18,700 00
17,000 00
150,000 00
150,000 00
43,000 00
Market Value.
$17,400 00
35,000 00
17,000 00
67,045 00
88,500 00
48,960 00
123,000 00
4,200 00
15,280 00
15,000 00
43,945 00
5,100 00
180,000 00
124,500 00
83,850 00
5,163,050 00 $3,846,334 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (tirst liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in office and bank, . . .
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due,
Gross assets,
Deduct special deposits in other States, .
$511,000 00
115,600 00
1,911 62
3,846,334 00
416,039 66
14,401 65
815,968 27
3,676 56
11,994 90
i,736,926 66
203,000 00
Balance, $5,533,926 66
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses, ....
Less reinsurance, . . . .
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
$203,581 77
30,375 00
$233,956 77
20,614 37
$213,342 40
3,397,945 65
2,333 34
* Value of lands mortgaged, .
Value of buildings thereon, . .
Amount of insurance held as collateral,
$77,250 00
165,500 00
122,000 00
TIIENIX INSURANCE CO.
323
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, .
Surplus over capital, .
$98,370 75
83,169 92
$3,795,168 06
121,401 33
5,673,766 73
. $1,860,159 93
. 1,000,000 00
,159 93
Income
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
. $928,862 89
. 4,353,527 51
. $5,282,390 40
815,968 27
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
. $4,466,422 13
. 1,030,691 06
. $3,435,731 07
. . . . 6,085 00
Interest and dividends received from all other sources, . • . 150,340 84
Income from rents, 10,973 48
Gross cash income,
. $3,603,130 39
Expenditures.
Cash paid for fire losses, . . . . $2,217,135 47
Deduct salvage and reinsurance, . . . 289,723 70
Net cash paid for tire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
[,927,411 77
100,000 00
490,619 10
338,887 80
74,948 03
326,876 18
5,258,742 88
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$661,208,365 00 $8,496,812 45
345,717,292 00 ' 4,353,527 51
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$1,006,925,657 00 $12,850,339 96
408,756,436 00 5,311,351 76
$598,169,221 00 $7,508,988 20
49,576,262 00 562,559 73
$548,592,959 00 $6,946,428 47
324 PHCENIX INSURANCE CO.
Miscellaneous.
Premiums received from organization of company, . $108,115,377
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
54,438,330 00
1,865,825 00
3,674,000 00
100,000 00
163,100 00
"PHCEXIX INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated May, 1854. Commenced business June, 1854 ]
f Paid-up Capital, $2,000,000.
D. W. C. SKILTON, President. EDW. MILLICAN, Secretary.
Detailed Statement of Stocks and Bonds.
Tar Value. Market Value.
300 shares iEtna National Bank, Hartford, . $30,000 00 $43,500 00
1,000 " American National B'k, Hartford, 50,000 00 70,000 00
100 " Atlantic Trust Co., New York, . 10,000 00 18,250 00
125 " Central Trust Co., New York, . 12,500 00 134,375 00
162 " Charter Oak Nat'l B'k, Hartford, 16,200 00 16,200 00
160 " City Bank, Hartford, . . . 16,000 00 17,280 00
100 " Connecticut River Bank, Hartford, 3,000 00 4,500 00
300 " Farm. & Mecli. NT B'k, Hartford, 30,000 00 34,500 00
175 " First National Bank, Wallingford, 17,500 00 19,775 00
400 " Franklin Trust Co., New York, . 40,000 00 86,800 00
1,030 " Hartford National B'k, Hartford, 103,000 00 144,200 00
400 " Hartford Trust Co., Hartford, . 40,000 00 60,000 00
100 " Home National Bank, Meriden, . 10,000 00 11,800 00
133 " Imperial Bank, Toronto, Ont., . 13,300 00 23,674 00
250 " Metropolitan NT B'k, Cincinnati, 11,250 00 500 00
108 " Merchants' Ex. NT Bank, N. Y , . 5,400 00 6,210 00
800 " Mercantile NatT Bank, Hartford, 80,000 00 64,000 00
200 " NT Shoe & Leather B'k, N. Y., . 20,000 00 19,000 00
340 " National Exchange B'k, Hartford, 17,000 00 22,100 00
125 " NT Ger'n American B'k, St. Paul, 12,500 00 9,375 00
200 " New Britain NT B'k, New Britain, 20,000 00 32,000 00
770 " Phoenix National Bank, Hartford, 77,000 00 96,250 00
200 " State Bank, Hartford, . . . 20,000 00 22,000 00
440 " Waterbury NT Bank, Waterbury, 22,000 00 38,500 00
50 " Security Company, Hartford, . 5,000 00 . 6,150 00
500 " Bald Eagle Valley Railroad, . 25,000 00 50,000 00
300 " Beech Creek Railroad, . . . 15,000 00 15,000 00
350 " Chicago & Alton Railroad Co., . 35,000 00 56,700 00
500 " Cleveland & Pittsburgh R.R. Co., 25,000 00 41,250 00
500 " Fort Wayne & Jackson R.R. Co., 50,000 00 62,500 00
PHOENIX INSURANCE CO.
325
Par Value. Market Value.
200 shares Georgia Railroad & Banking Co., $20,000 00 #34,500 00
120 " Hartford & Conn. Western R.R., 12,000 00 2,400 00
1,000 " Illinois Central Railroad, . . 100,000 00 92,000 00
1,000 " Morris & Essex Railroad, . . 50,000 00 82,500 00
1,500 " N. Y., N. H. & Hartford Railroad, 150,000 00 270,000 00
250 " New York & Harlem Railroad, . 12,500 00 36,250 00
500 " N. Y. Cent. & Hudson River R.R., 50,000 00 47,250 00
500 " . Peoria & Bureau Valley R.R., . 50,000 00 85,000 00
500 " Pitts., McKeesport & Y. R.R., . 25,000 00 32,500 00
500 " Rensselaer & Saratoga Railroad, 50,000 00 92,000 00
500 *« Sharon Railroad of Pennsylvania, 25,000 00 27,500 00
150 " Empire & Bay States Tel. Co., . 15,000 00 11,475 00
1,320 " Holyoke Water Power Compan}', 132,000 00 382,800 00
1,500 " Northwestern Telegraph Co., . 75,000 00 86,250 00
400 " West End Street R'y Co., Boston, 20,000 00 26,000 00
Georgia State bonds, 25,000 00 28,750 00
Brooklyn Wharf and Warehouse Co bonds, . 75,000 00 75,000 00
Ashland, Oregon, water bonds, . . . 50,000 00 54,500 00
Brantford, Canada, bonds, .... 25,000 00 28,125 00
Guelph, Canada, bonds, 24,000 00 28,200 00
Victoria, British Columbia, bonds, . . . 20,000 00 23,400 00
Town of St Henry, P. Q., bonds, . . . 75,000 00 81,750 00
Province of New Brunswick bonds, . . 5,000 00 5,212 50
Columbus, O., improvement bonds, . . . 10,000 00 10,700 00
Fostoria, O., water bonds, . . . . 25,000 00 26,250 00
Leavenworth City and Ft. Leav'th water b"ds, 25,000 00 27,500 00
Hannibal, Mo., school bonds, .... 20,000 00 21,000 00
Northwestern Telegraph Co. bonds, . . 25,000 00 29,000 00
Naumkeag Street Railway Co. bonds, . . 25,000 00 25,000 00
Superior, Wis., improvement bonds, . . 25,000 00 25,250 00
Urbana, O., gas bonds, 25,000 00 25,000 00
Canadian Pac. 1st mort Land Grant R R. b'ds, 44,000 00 48,950 00
Cedar Rapids, Iowa Falls & N. W R'y bonds, 50,000 00 51,500 00
Chicago & Northwestern R'y bonds, . . 47,000 00 53,580 00
Chicago & Western Indiana R.R. bonds, . . 140,000 00 159,000 00
Chicago, Burlington & Quincy R R. bonds, . 10,000 00 10,100 00
Chie , Rock Island & Pacific R.R., . . . 25,000 00 26,125 00
Cincinnati, Dayton & Ironton bonds, . . 25,000 00 27,000 00
Erie Railway consols, ..... 50,000 00 70,000 00
Minneapolis Union Railway Co., . . . 50,000 00 60,500 00
N. Y., Lackawanna & Western R.R., . . 50,000 00 67,000 00
N. Y , N. H. & H. R.R. debentures, . . . 75,000 00 102,375 00
St. Paul, Eastern & G. Trunk, .... 10,000 00 11,300 00
Terre Haute & Logan sport R.R., . . . 50,000 00 50,000 00
Terre Haute & Peoria bonds, .... 25,00000 21,25000
Texas & New Orleans bonds, .... 54,000 00 59,670 00
$2,802,150 00 $3,867,801 50
326
PIKENIX INSURANCE CO.
Securities held as collateral for cash loans :
73 shares Travelers 1 Insurance Company,
240 " Landers, Frary & Clark, .
70 " Southern New England Tel. Co.,
103 " Atlantic Dock Company,
64 " Hartford Carpet Company,
2& " Chic, Milwaukee & St. Paul R.R.,
Market Value. Loaned Thereon.
51 6,644 00
6,000 00
6,860 00
10,300 00
3,520 00
3,125 00
$9,000 00
9,000 00
11,200 00
2,000 00
$ 46,449 00 $31,200
Summary of Assets Dec. 31, 1896
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, „
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, . . .
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due,
Gross assets, .....
Deduct special deposits in other States, .
f498,906 04
188,306 91
8,544 61
3,867,801 50
31,200 00
30,543 06
216,910 59
9,058 12
511,808 41
6,812 27
7,896 66
Balance,
1,377,818 17
298,887 50
),078,930 67
Liabilities.
Losses adjusted and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, .
Surplus over capital, .
$358,667 26
33,745 13
2,201,426 71
57,552 75
12,651,391 85
153,994 73
- 2,497,397 12
. $2,581,533 55
. 2,000,000 00
. $581,533 55
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held us collateral,
. $299,640 00
. 128,850 00
81,275 00
TIKEXIX INSURANCE CO.
327
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected, . .
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
$505,676 87
3,438,780 57
13,944,457 44
511,808 41
&3,432,649 03
480,739 25
sources,
>,95 1,909 78
9,802 36
183,042 53
8,088 64
5,152,843 31
Expenditures.
Cash paid for fire losses $1,836,472 64
Deduct salvage and reinsurance, . . . 144,767 84
Net cash paid for fire losses, ....
Cash dividends paid, . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$1,691,704 80
280,000 00
502,076 60
193,919 72
67,712 96
311,041 02
$3,046,455 10
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Premiums.
1430,488,587 00 $4,905,857 87
308,107,877 00 3,438,780 57
$738,596,464 00 $8,344,638 44
340,407,643 00 3,813,609 78
$398,188,821 00 $4,531,028 66
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (14 per cent.),.
Company's stock owned by directors, ....
165,137,673 00
39,739,175 00
1,755,310 00
6,965,000 00
280,000 00
61,400 00
328
PROVIDENCE WASHINGTON INSURANCE CO.
"PROVIDENCE WASHINGTON INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated 1799. Commenced business 1799.]
Paid-up Capital, $400,000.
J. H. DeWOLF, President. E. L. WATSON, Secretary.
Detailed Statement of Stocks
Boston & Providence Railroad bonds,
Boston & Maine Railroad bonds,
Baltimore & Ohio Railroad bonds, .
Bath Gas & Electric Company bonds,
City of Pawtucket bonds, .
Cleveland Electric Railway bonds, .
Columbus Street Railway bonds,
Lehigh Valley Railroad Company bonds,
Morris & Essex Railroad Company bonds,
New York, New Haven & Hartford R.R. bonds,
Rensselaer & Saratoga Railroad bonds, .
250 shares Fourth Nat'l Bank, New York, .
340
300
500
1,000
300
300
500
400
500
300
200
550
600
200
100
200
500
1,500
Nat'l Bank of Commerce, N. Y., .
National Park Bank, New York, .
American Nat'l B'k, Providence,
Blackstone Canal Nat 1 ! B'k, Prov.,
Commercial Nat'l B'k, Prov.,
Manufacturers 1 Nat'l B'k, Prov., .
Merchants' Nat'l B'k, Providence,
Mechanics' Nat'l B'k, Providence,
Nat'l Bank of Commerce, Prov., .
National Eagle Bank, Providence,
Weybosset Nat"l B'k, Providence,
Providence Gas Company, ,
Chicago & Alton Railroad Co., .
Chic & Northwestern R'y Co., ,
N. Y. Cent. & Hudson River R.R.,
Old Colony Railroad, .
Oswego & Syracuse R.R. Co.,
What Cheer Corporation,
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Prem's more than three mos. due, $2,852 23
Gross assets,
and Bonds.
Par Value.
$100,000 00
10,000 00
25,000 00
3,000 00
25,000 00
10,000 00
10,000 00
50,000 00
25,000 00
54,000 00
12,000 00
25,000 00
34,000 00
30,000 00
25,000 00
25,000 00
15,000 00
30,000 00
25,000 00
20,000 00
25,000 00
15,000 00
10,000 00
27,500 00
60,000 00
20,000 00
10,000 00
20,000 00
25,000 00
200,000 00
Market Value.
$106,000 00
11,700 00
24,250 00
2,700 00
26,000 00
10,300 00
10,000 00
51,500 00
34,250 00
72,900 00
17,520 00
45,000 00
69,020 00
79,500 00
21,750 00
25,000 00
13,500 00
42,000 00
31,500 00
21,200 00
20,500 00
15,600 00
8,600 00
46,750 00
98,400 00
30,400 00
9,500 00
35,400 00
51,250 00
200,000 00
$965,500 00 $1,231,990 00
31, 1896.
$1,231,990 00
1,380 54
73,329 28
197,536 52
49,879 37
,554,115 71
PROVIDENCE WASHINGTON INSURANCE CO.
329
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$7,014 46
190,328 48
2,063 00
H 99,405 94
59,894 99
^139,510 95
769,762 90
11,874 40
28,550 11
12,830 65
f962,529 01
$591,586 70
400,000 00
$191,586 70
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected, .....
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance aud return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources,
$138,994 43
7,727 58
$131,266 85
1,155,336 97
$1,286,603 82
141,504 19
$1,145,099 63
260,381 66
$91,598 30
6C5 22
),993 08
459,435 73
$550,428 81
102,405 28
$448,023 53
121,186 85
$884,717 97
326,836 68
51,558 92
Gross cash income, $1,263,113 57
330
PROVIDENCE WASHINGTON INSURANCE CO.
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$571,202 64
79,886 01
$367,793 19
90,008 83
1491,316 63
277,784 36
32,000 00
224,538 71
83,432 95
27,059 16
65,627 40
.,201,759 21
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895, .
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$138,531,418 00
115,405,486 00
1253,936,904 00
114,242,645 00
$139,694,259 00
20,474,743 00
Premiums.
$1,460,923 24
1,155,336 97
$2,616,260 21
1,173,634 81
$1,442,625 40
183,123 33
$119,219,516 00 $1,259,502 07
$7,646,041 00
91,317,561 00
$98,963,602 00
92,551,716 00
$6,411,886 00
1,082,369 00
$224,687 71
459,435 73
,123 44
472,894 67
$211,228 77
26,483 08
$5,329,517 00 $184,745 69
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, .
$27,485,851 00
16,224,006 00
503,736 00
293,476 00
2,128,563 00
32,000 00
43,200 00
QUEEN INSURANCE CO. OF AMERICA.
331
" QUEEN INSURANCE COMPANY OF AMERICA; 1 NEW YORK, N. Y.
[Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.]
Paid-up Capital, $500,000.
JAMES A. MACDONALD, President. GEO. W. BURCHELL, Secretary.
Detailed Statement of Stocks
United States government bonds,
District of Columbia bonds,
New York City bonds,
City of Brooklyn bonds,
New Zealand stock, .
Quebec loan,
Manitoba debentures,
Halifax, N. S , stock,
250 shares New York & Harlem Railroad,
443 '
517 '
950 '
360 '
1,400 '
250 '
' United N. J. R.R. & Canal Co.,
1 N. Y , Lack. & Western R.R.,
' Rome, Watert'n & Ogdensb'g R R
' Pitts., Ft. Wayne & Chicago R.R
' Morris & Essex Railroad,
' Rensselaer & Saratoga Railroad,
Farmers 1 Loan & Trust Company stock, .
United States government bonds,
N. Y., Lack. & Western Railroad bonds, .
Chicago & Southwestern Railroad bonds,
North Wisconsin Railroad bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago, Rock Island & Pacific R.R. bonds,
Fremont, Elkhorn & Mo. Railroad bonds,
Chicago, Mil. & St. Paul Railroad bonds,
Chicago & Northwestern sinking fund bonds
Baltimore & Ohio Railroad bonds, .
Pennsylvania Company Railroad bonds, .
Morris & Essex Railroad bonds,
Michigan Central Railroad bonds, .
Lake Shore & Michigan Southern R.R. bonds
Canada Southern Railroad bonds, .
Chic, St. Paul, Minn. & Omaha R.R. bonds,
Albany & Susquehanna Railroad bonds, .
Detroit & Bay City Railroad bonds,
Northern Pacific Railroad bonds,
Louisville & Nashville Railroad bonds, .
Evansville & Indianapolis Railroad bonds,
Consolidated Gas Co. of New York bonds,
and Bonds.
Par Value.
$476,000 00
340,000 00
325,000 00
125,000 00
49,000 00
24,500 00
29,400 00
60,000 00
12,500 00
44,300 00
51,700 00
95,000 00
36,000 00
70,000 00
25,000 00
10,000 00
90,000 00
200,000 00
10,000 00
30,000 00
40,000 00
35,000 00
10,000 00
106,000 00
49,000 00
10,000 00
50,000 00
110,000 00
23,000 00
40,000 00
25,000 00
25,000 00
25,000 00
20,000 00
52,500 00
15,000 00
25,000 00
20,000 00
Market Value.
$560,309 66
368,829 17
325,000 00
133,616 68
49,000 00
24,500 00
29,400 00
66,000 00
31,978 98
99,744 18
56,983 33
106,135 00
55,613 30
100,150 10
42,437 50
71,600 00
99,675 00
245,648 91
10,364 27
36,527 22
41,850 03
35,308 10
11,860 95
108,655 39
51,110 47
8,791 67
50,906 58
145,612 53
23,742 74
44,970 76
25,873 11
28,805 58
28,375 00
23,086 07
42,658 24
15,280 91
20,000 00
20,388 00
!,783,900 00 f3,240,789 43
132
QUEEN INSURANCE CO. OF AMERICA.
Summary of Assets Dec
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, . . . .
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Reinsurance due,
Prem's more than three mos. due, f 6,953 73
Gross assets,
Deduct special deposits in other States, .
Balance,
Liabilities
Losses adjusted, unpaid, .
claimed and reported, . .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums and reinsurance, .
Miscellaneous,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
31, 1896.
$466,222 09
3,240,789 43
19,590 32
281,914 18
41,505 30
298,795 77
551 45
22 80
$4,349,391 34
431,900 00
|3,917,491 34
,817 06
81,810 16
33,270 00
$171,897 22
2,555 94
$169,341 28
1,642,275 68
16,619 89
69,656 66
33,973 46
4,183 57
$1,936,050 54
299,054 44
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected, .....
Net collected, .....
Premiums on risks written or renewed, .
Total, ......
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sour
!,636,996 10
2,280,495 24
500,000 00
$1,780,495 24
$298,258 70
934 99
$297,323 71
2,551,818 86
$2,849,142 57
306,300 95
$2,542,841 62
524,766 18
ces,
! ,018,075 44
134,715 91
Gross cash income, $2,152,79135
THE HEADING FIRE INSURANCE CO.
133
Expenditures.
Cash paid for fire losses, $
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
,212,445 32
49,815 13
1,162,630 19
50,000 00
319,002 05
161,334 47
48,035 71
128,276 74
1,869,279 16
Risks and Pkemtums.
Premiums.
Fire risks outstanding Dec. 31, 1895, . $305,048,633 00 $3,456,534 11
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of }*ear, .
Deduct amount reinsured,
Net amount in force, .
226,595,623 00 '2,551,818 86
$531,644,256 00 $6,008,352 97
225,617,066 00 2,581,884 19
$306,027,190 00 $3,426,468 78
16,401,221 00 168,874 22
289,625,969 00 $3,257,594 56
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (10"per cent ),
Company's stock owned by directors,
f 12,069,686 00
6,634,601 00
1,104,664 00
100,000 00
50,000 00
7,000 00
"THE READING FIRE INSURANCE COMPANY," READING, PA.
[Incorporated July 8, 1867. Commenced business July 8, 1867. J
Paid-up Capital, $ 250,000.
Wit, A. ARNOLD, President. S. E. ANCONA, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Philadelphia & Reading Railroad bonds, . . . $36,000 00 $ 34,020 00
Perkiomen Railroad bonds, . . . .' 2,000 00 2,020 00
United States bonds, 30,000 00 33,000 00
250 shares Reading Gas Company, . . . 6,250 00 15,250 00
334
THE READING EIRE INSURANCE CO.
124 shares So. Reading Market House Co.,
200 " East Pennsylvania Railroad, .
150 " National Union Bank, Reading,
50 " Farmers 1 National Bank, Reading,
100 " Second National Bank, Reading,
720 " Reading Trust Company,
70 " Reading City Passenger Railwaj T ,
Reading City Passenger Railway bonds, .
South Reading Market House Company scrip,
Tar Value.
$3,100 00
10,000 00
3,750 00
1,500 00
10,000 00
72,000 00
3,500 00
6,000 00
900 00
Market Value.
$4,030 00
10,600 00
13,650 00
3,750 00
18,000 00
93,600 00
7,560 00
6,375 00
900 00
$185,000 00 $242,755 00
Securities held as collateral for cash loans
80 shares National Union Bank,
5 " Citizens 1 Bank,
51 " Reading Trust Co., .
70 " National Union Bank,
25 " Second National Bank,
8 " First National Bank,
89 " Reading Hardware Co ,
10 " Second National Bank,
150 " Keystone Wagon Company,
39 k ' South Reading Market House Co.,
70 " Philadelphia & Reading Railroad,
Philadelphia & Reading Railroad bonds,
Reading Foundry Co. bonds,
Judgment notes secured, ....
Assignment of mortgage, ....
Market Value.
$7,280 00
340 00
6,630 00
6,370 00
4,500 00
1,744 00
11,125 00
1,800 00
15,000 00
1,267 50
918 75
6,187 50
25,000 00
150 00
3,500 00
Loaned Thereon.
$6,500 00
2,400 00
5,000 00
3,000 00
8,000 00
1,500 00
9,000 00
700 00
6,000 00
25,000 00
150 00
500 00
il,812 75 $67,750 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the companj^, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, .
Reinsurance,
Gross assets,
$64,700 00
320,449 00
3,107 17
242,755 00
67,750 00
17,936 21
44,744 32
1,115 18
31,309 38
78 97
340 80
$794,286 03
* Value of lands mortgaged $248,900 00
Value of buildings thereon 464,150 00
Amount of insurance held as collateral,
342,115 00
THE READING FIRE INSURANCE CO.
335
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reelaimable on perpetual fire policies,
Dividends to stockholders, unpaid, .
State and local taxes,
Commissions and brokerage, .
Return premiums, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, . .
$14,605 77
8,142 57
6,600 00
249,840 02
4,442 92
1,148 80
1,055 63
6,215 02
3,728 18
$295,778 91
Surplus over capital, .
,507 12
250,000 00
$248,507 12
Income.
Fire premiums outstanding Dec. 31, 1895, . $29,472 31
Premiums on risks written or renewed, . . 374,596 49
Total, $404,068 80
Premiums now in course of collection, . . 31,309 38
Entire premiums collected, .... $372,759 42
Less reinsurance and return premiums, . . 11,783 96
Net cash fire premiums received, . . . $360,975 46
Interest received on mortgages, 20,015 02
Interest and dividends received from all other sources, . 12,750 93
Income from rents and commissions, 3,060 05
Gross cash income, ... ..... $396,801 46
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, . .
for incidentals, ....
$192,400 67
4,586 74
f 187,813 93
19,940 40
63,803 79
11,783 00
8,311 76
29,967 67
Gross cash expenditures,
$321,620 55
336 THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,.
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Perpetual risks in force, .
. $46,680,764 00
. 31,869,320 00
. 178,550,084 00
. 34,963,085 00
. $43,586,999 00
582,249 00
. f43,004,750 00
$146,750 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent), .
Company's stock owned by directors, .
Premiums.
$543,965 72
374,596 49
,562 21
417,595 25
$500,966 96
6,090 03
$494,876 93
$4,715 20
$4,120,528 00
2,234,941 00
169,154 00
437,561 00
20,000 00
57,900 00
"THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 21, 1841. Commenced business Aug. 9, 1844.]
Paid-up Capital, $300,000.
WILLIAM CHUBB, President. CHAS. J. WISTER, Jr., Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $15,000 00 $16,575 00
City of Philadelphia bonds, .... 10,000 00 10,700 00
City of Pittsburgh, Pa., bonds, .... 48,000 00 50,430 00
City of Quincy, 111., bonds, .... 15,000 00 15,000 00
City of Wilmington, Del., bonds, . . . 20,000 00 21,500 00
City of Chester, Pa., bonds, .... 5,000 00 5,200 00
So. Bethlehem, Pa, bonds, .... 4,00000 4,04000
Atlantic City, N. J., bonds, . . . . 5,000 00 5,100 00
New Castle' County, Del , bonds, . . . 5,000 00 5,600 00
United Company of New Jersey bonds, . . 5,000 00 5,425 00
Lehigh Coal & Navigation Co bonds, . . 20,000 00 20,400 00
Lehigh Valley Railroad Co. bonds, . . . 45,000 00 45,600 00
Easton & Amboy Railroad Co bonds, . . 20,000 00 21,300 00
North Pennsylvania Railroad Co. bonds, . . 15,000 00 17,800 00
Louisville & Nashville Railroad Co. bonds, . 8,000 00 9,040 00
Northern Central Railroad Co. bonds, . . 10,000 00 11,175 00
Philadelphia & Erie Railroad Co. bonds, . 25,000 00 29,625 00
THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 337
Phila. & Baltimore Central R.R. Co. bonds,
Pennsylvania Railroad Co. consols bonds,
Steuben rille & Ind. Railroad Co. bonds, .
Camden & Atlantic Railroad Co. bonds, .
Penn. & New York Canal Co. bonds,
Car Trust of New York certificates,
Allentown Terminal Railroad Co. bonds,
Philadelphia & Reading Railroad Co. bonds,
Delaware River Ferry Co. bonds,
200 shares Commercial Natl Bank stock,
25 " Mechanics' National Bank stock,
Philadelphia Traction Co. bonds,
People's Pass. R'y Co. stock trust certificates
Pennsylvania & New York Canal Co. bonds,
New York & Long Branch R.R. Co. bonds,
Second Ave. Tract. Co., Pittsburgh, Pa., bonds
International Navigation Co. bonds,
Huntingdon & B. T. Mt. R.R. & Coal Co. b'ds
Omaha Water Co. bonds, ....
Pitts., Chart'rs <& Youghiogheny R'y Co. b'ds
Pitts , Cin. & St. Louis R'y Co. bonds,
Tar Value.
$10,000 00
4,000 00
10,000 00
30,000 00
40,000 00
1,000 00
15,000 00
20,000 00
10,000 00
10,000 00
2,500 00
5,000 00
10,000 00
20,000 00
5,000 00
15,000 00
5,000 00
10,000 00
10,000 00
7,000 00
10,000 00
Market Value
$10,500 00
4,760 00
11,000 00
31,500 0)
43,200 00
1,000 00
15,150 00
22,800 00
10,200 00
6,000 00
2,625 00
5,075 00
9,400 00
19,300 00
5,500 00
15,450 00
5,050 00
10,600 00
10,000 00
7,700 00
11,000 00
$524,500 00 $552,320 00
$973,294 58
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $90,000 00
Loans on mortgage of real estate (first liens *), 250,540 00
Interest due or accrued thereon, . . . 3,623 28
Stocks and bonds, as per schedule, . . . 552,320 00
Cash in the office of the company, . . . 672 02
Cash deposited in bank, 27,199 67
Premiums in course of collection (gross), . 48,033 61
Rents due and accrued, 321 00
Perpetual insurance deposit, .... 585 00
Gross assets, . . . . .
Liabilities.
Losses adjusted, unpaid, $2,522 86
claimed and reported, .... 20,683 97
disputed or resisted, . . . . 11,938 22
Total amount of losses, . . . . . $35,145 05
Less reinsurance, , 3,224 28
Net amount of unpaid losses, .... $31,92077
Unearned premiums on outstanding risks, . 241,288 83
Reclaimable on perpetual fire policies, . . 133,796 80
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$225,600 00
280,400 00
180,816 00
338
THE KELIANCE INSURANCE CO. OF PHILADELPHIA.
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital
Surplus as regards policy holders,
Paid-up capital, . . .
Surplus over capital, .
,433 12
4,632 77
$422,072 29
$551,222 29
300,000 00
$251,222 29
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received cm mortgages,
Interest and dividends received from all other
Income from rents, ......
Income from surveys, etc.,
Deposits received for perpetual fire risks,
Gross cash income, ....
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employ
for State and local taxes,
for general expenses,
Deposits returned on perpetual fire risks,
Gross cash expenditures, .
! ; 928 51
377,501 21
$424,429 72
48,033 61
$376,396 11
76,372 93
sources,
>,662 50
$196,655 63
23,484 86
ees,
t,414 50
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895, . . $42,667,693 00
Fire risks written during 1896,
Total, . . . .
Deduct risks expired and terminated,
In force at end of }'ear,
Deduct-amount reinsured,
Net amount in force, .
Perpetual risks in force (not incPd above),
. 34,606,090 00
.$77,273,783 00
. 33,173,960 00
.$44,099,823 00
. 3,863,874 00
. $40,235,949 00
. $5,340,894 00
$300,023 18
10,334 75
27,117 35
911 07
429 71
$338,816 06
$173,170 77
18,000 00
71,131 29
24,499 91
9,817 49
16,680 14
$313,299 60
Premiums.
$491,278 10
377,501 21
$868,779 31
359,208 02
$509,571 29
44,750 31
$464,820 98
$144,645 17
ROCHESTER GERMAN INSURANCE CO.
339
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, . * .
$4,343,676 00
2,677,943 00
165,093 00
844,597 00
18,000 00
43,150 00
"ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER,
NEW YORK," ROCHESTER, N. Y.
[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.]
Paid-up Capital, $200,000.
FREDERICK COOK, President. H. F. ATWOOD, Secretary.
Detailed Statement of Stocks and Bonds.
Rochester Railway bonds,
Georgia State bonds, ....
German American Bank of Rochester stock,
Title and Guarantee Co. of Rochester stock,
Par Value.
$200,000 00
25,000 00
10,000 00
10,000 00
Market Value.
$200,000 00
25,000 00
21,000 00
10,000 00
$245,000 00 $256,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued,
Premiums in course of collection (gross)
Gross assets, ....
Deduct special deposits in other States,
Balance,
31, 1896.
$193,302 13
393,366 37
7,703 35
256,000 00
1,046 47
66,302 63
2,500 00
57,337 22
$977,558 17
25,000 00
$952,558 17
Liabilities.
Losses adjusted, unpaid, . ... . $548 49
claimed and reported, ... . 8,600 36
disputed or resisted, .... 3,100 00
* Value of lands mortgaged, $514,300 00
Value of buildings thereon, 430,690 00
Amount of insurance held as collateral, 373,350 00
340
ROCHESTER GERMAN INSURANCE CO.
Unearned premiums on outstanding risks, . $275,375 24
Commissions and brokerage, . . . . 21,917 91
Gross liabilities, except capital, . . $309,542 00
Deduct liability on special deposits, . . 660 48
Surplus as regards policy holders,
Paid-up capital, . . ,
$308,881 52
$643,676 65
200,000 00
Surplus over capital, . $443,676 65
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Discount, . . . .
Gross cash income, ....
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, . . . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, .
1,879 87
507,730 71
$563,610 58
57,337 22
|506,273 36
158,090 69
sources,
$185,006 82
26,413 12
$348,182 67
18,419 70
11,592 25
10,446 24
781 70
$389,422 56
$158,593 70
20,000 00
66,015 18
28,348 19
14,459 85
35,123 98
$322,540 90
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$59,100,176 00 $632,475 00
45,777,017 00 507,730 71
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$104,877,193 00 $1,140,205 71
50,382,758 00 570,721 50
$54,494,435 00 $569,484 21
508,140 00 5,094 05
$53,986,295 00 $564,390 16
RUTGERS FIRE INSURANCE CO.
34L
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (LO per cent.),
Company's stock owned by directors, ....
17,902,700 00
4,510,141 00
143,151 00
419,000 00
20,000 00
39,912 00
"RUTGERS FIRE INSURANCE COMPANY, 1 ' NEW YORK, N. Y.
[Incorporated Oct. 3, 1853. Commenced business Oct. 10, 1853.]
Paid-up Capital, $200,000.
EDWARD B. FELLOWS, President. HENRY C. KREISER, Secretary.
Detailed Statement of Stocks
District of Columbia bonds, ....
240 shares N. Y. Cen. & Hudson River R R., .
300
466
300
50
187
Delaware, Lacka. & Western R.R.,
Delaware and Hudson Canal Co , .
Consolidated Gas Company, N. Y.,
Long Island Railroad,
Tradesmen's National Bank, N. Y.,
and Bonds.
Par Value.
850,000 00
24,000 00
15,000 00
46,600 00
30,000 00
2,500 00
7,480 00
Market Value.
$54,500 00
22,560 00
23,775 00
54,405 50
42,150 00
1,075 00
6,956 40
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued,
Premiums in course of collection (gross),
Prem's more than three mos. due, $151 44
Gross assets,
$175,580 00 $205,421 90
31, 1896.
$69,500 00
28,700 00
505 83
205,421 90
2,365 82
14,430 38
1,751 43
10,815 54
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Liabilities.
11
3,701 00
2,000 00
^5,769 11
637 50
^5,131 61
* Value of lands mortgaged, ....... $44,500 00
Value of buildings thereon, 26,500 00
Amount of insurance held as collateral, 26,050 00
342
RUTGERS FIRE INSURANCE CO.
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc ,
State and local taxes,
Commissions and brokerage, .
Return premiums, . . . .
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
$56,149 75
90 22
116 95
2,002 01
1,126 66
248 84
|64,866 04
$268,624 86
200,000 00
Surplus over capital,
,624 86
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected, . . : .
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .....
Gross cash income,
,715 51
74 50
$14,641 01
111,714 40
$126,355 41
10,966 98
$115,388 43
15,817 59
sources,
,570 84
1,385 00
9,918 01
2,205 00
$113,078 85
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
$53,529 45
3,159 60
$50,369 85
20,000 00
23,501 06
11,370 00
2,609 68
6,908 27
Gross cash expenditures,
$114,758 86
SCHUYLKILL FIRE INSURANCE CO.
343
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, . .
Deduct amount reinsured,
Net amount in force,
$11,823,289 00
. 10,455,155 00
. $22,278,444 00
. 10,998,957 00
.$11,279,487 00
253,127 00
Premiums.
$122,416 93
111,714 40
$234,131 33
120,022 90
$114,108 43
2,787 46
.$11,026,360 00 $111,320 97
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ... *
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
^3,732,502 00
1,585,791 00
41,593 00
1,138,000 00
20,000 00
61,300 00
"SCHUYLKILL FIRE INSURANCE COMPANY," PHILA., PA.
[Incorporated Aug. 29, 1895. Commenced business Sept. 13, 1895.]
Paid-up Capital, $200,000.
ALEXANDER BALFOUR, President. PERCY W. CLARK, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, . ..... $111,00000
Schuylkill River East Side bonds, . . . 23,000 00
Market Value.
$126,817 50
23,690 00
$134,000 00 $150,507 50
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (fir
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, . , .
Premiums in course of collection (gross),
Gross assets,
st liens *),
$99,000 00
1,164 67
150,507 50
4,694 89
37,086 26
1,020 83
52,283 08
$345,757 23
* Total value of property mortgaged,
Amount of insurance held as collateral,
$198,000 00
18,500 00
344
SCHUYLKILL FIRE INSURANCE CO.
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$6,850 00
2,500 00
71,652 31
10,456 61
5,414 69
9,711 02
$106,584 63
$239,172 60
200,000 00
,172 60
Income.
Fire premiums outstanding Dec. 31, 1895, . $21,521 70
Premiums on risks written or renewed, . . 231,622 98
Total, . . $253,144 68
Premiums now in course of collection, . . 52,283 08
Entire premiums collected, .... $200,861 60
Less reinsurance and return premiums, . . 39,752 28
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
$161,109 32
3,763 97
5,462 58
Gross cash income, $170,335 87
Expenditures.
Cash paid for fire losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$56,117 12
24,279 58
3,270 00
1,504 90
2,348 60
$87,520 20
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896, .
Total, ......
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, ... .
$2,568,784 00
18,058,064 00
$20,626,848 00
6,445,922 CO
$14,180,926 00
4,001,919 00
Premiums.
$36,542 37
231,622 98
$268,165 35
69,834 08
$198,331 27
55,026 64
$10,179,007 00 $143,304 63
SECURITY INSURANCE CO.
345
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$229,776 00
56,201 00
62,383 00
200,000 00
" SECURITY INSURANCE COMPANY OF NEW HAVEN,"
NEW HAVEN, CONN.
[Incorporated April, 1841. Commenced business April, 1841.]
Paid-up Capital, $200,000.
CHAS. S. LEETE, President. H. MASON", Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Tradesmen's National B'k, New Haven, stock, $16,000 00 $22,720 00
Second National Bank, New Haven, stock, . 11,700 00 19,890 00
Merchants' National Bank, New Haven, stock, 25,000 00 22,500 00
Yale National Bank, New Haven, stock, . . 20,000 00 23,300 00
New Haven Nat'l Bank, New Haven, stock, . 21,000 00 35,7C0 00
New Haven Co. Nat'l B'k, New Haven, stock, 18,830 00 26,362 00
First National Bank, New Haven, stock, . . 13,300 00 18,620 00
American Exchange N'l B'k, New York, stock, 10,000 00 17,300 00
Western National Bank, New York, stock, . 7,500 00 8,700 00
Southern New England Telephone Co. stock, . 9,000 00 9,000 00
New York Steam Power Company stock, . 2,500 00 1,543 33
Chicago, Rock Island & Pacific R.R. stock, . 11,000 00 7,315 00
Cleve., Cin., Chicago & St. Louis Ry. stock, . 10,000 00 7,400 00
Illinois Central Railroad stock, . . . 10,000 00 9,200 00
Delaware & Hudson Canal Company stock, . 10,000 00 11,900 00
Baltimore & Ohio R.R. receivers' certificates, . 10,000 00 10,200 00
Macon, Ga., Gas Light & Water Co. bonds, . 10,000 00 6,500 00
Minneapolis & St. Louis Railroad bonds, . 4,000 00 4,680 00
New York & New England Railroad bonds, . 28,000 00 32,500 00
New York, New Haven & Hartford Railroad, 5,000 00 6,800 00
Columbus & Hocking Coal & Iron Co. bonds, 10,000 00 8,000 00
Southern Railway bonds, 10,000 00 9,200 00
Central Railroad of Georgia bonds, . . . 5,000 00 1,350 00
Southern New England Telephone Co. bonds, 2,000 00 2,050 00
City of Indianapolis* bonds, . . . 7,200 00 7,200 00
City of Omaha, Neb., bonds, .... 10,000 00 10,800 00
City of Superior, Wis., bonds, .... 10,000 00 10,000 00
$307,030 00 $350,73033
346
SECURITY INSURANCE CO.
Securities held as collateral for cash loans : —
Merchants 1 Nat'l Bank, New Haven, stock,
Birmingham N'l B'k, Birmingham, Ct, stock,
U. S. Rubber Co. stock, .
Southern New England Telephone Co. stock,
Merchants 1 Natfl Bank, New Haven, stock,
City Bank, New Haven, stock, .
Mechanics 1 Bank, New Haven, stock,
Merchants 1 Na^l Bank, New Haven, stock,
New Haven Water Co. stock, .
Mercantile Safe Dep. Co., New Haven, stock
Southern R'y bonds,
Delaware & Hudson Canal Co. stock,
Rutland R.R. bonds,
Bristol R.R. bonds, ,
Market Value. Loaned Thereon.
$450 00
3,000 00
2,730 00
5,400 00
6,750 00
4,026 00^
390 00 |
450 00 [
1,500 00 |
600 00 j
6,440 00
11,900 00n
9,200 00 S
7,000 00 )
$2,500 00
2,100 00
10,000 00
5,500 00
5,000 00
20,000 00
$59,836 00 $45,100 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, . .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .....
Surplus over capital, .
31, 1896.
$81,300 00
148,418 78
1,235 61
350,730 33
45,100 00
128 77
50,667 42
1,028 69
73,628 03
3,428 80
$6,295 34
28,848 01
4,975 00
$755,666 43
,118 35
3,832 65
1,285 70
387,235 03
16,055 35
1,057 36
440,633 44
$315,032 99
200,000 00
$115,032 99
* Value of lands mortgaged,
Value of buildings thereon,
Amouut of insurance held as collateral,
$321,955 00
121,600 00
121,600 00
SECURITY INSURANCE CO.
347
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected, . . . .
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .....
Gross cash income,
$74,309 03
2,032 10
$72,276
626,855
93
14
$699,132 07
68,573 89
$630,558
139,376
18
46
$4,664 01
52 06
$4,611
44,023
95
41
$48,635
5,054
36
14
$43,581
10,675
22
62
sources,
$491,181 72
32,905 60
7,464 80
23,802 30
1,204 74
$556,559 16
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid, . . . . ,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
$279,509 58
23,642 74
$87,903 99
39,668 21
>55,866 84
48,235 78
12,000 00
120,815 30
48,648 07
7,505 33
Gross cash expenditures,
$493,071 32
348
SPRING GARDEN INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written daring 1896,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
Marine risks outstanding Dec 31, 1895,
Marine risks written during 1896, .
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$67,631,390 00
65,801,368 00
$133,432,758 00
54,540,17 00
$78,892,581 00
4,555,840 00
$504,020 00
3,520,246 00
$4,024,266 00
3,395,053 00
$629,213 00
123,539 00
Premiums.
$690,465 20
626,855 14
1,317,320 34
575,343 88
$741,976 46
55,302 52
$74,336,741 00 $686,673 94
Jl 6,535 29
44,023 41
,558 70
39,917 44
$20,641 26
3,171 67
$505,674 00 $17,469 59
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
^9,473,842 00
6,425,107 00
257,618 00
41,772 00
439,281 00
12,000 00
57,320 00
"SPRING GARDEN INSURANCE COMPANY," PHILADELPHIA, PA.
[Incorporated April 15, 1835. Commenced business Aug. 29, 1835.]
Paid-up Capital, $400,000.
CHAS. ROBERTS, President. CLARENCE E. PORTER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Allegheny Valley Railroad bonds, . . . 820,000 00 $25,400 00
Baltimore Traction bonds, .... 20,000 00 20,000 00
Bells Gap Railroad bonds, .... 20,000 00 22,700 00
Buffalo Railway bonds, 5,000 00 5,000 00
Camden & Atlantic Railroad bonds, . . 10,000 00 11,800 00
Camden, N. J., Horse Railroad bonds, . . 15,000 00 15,750 00
Chicago & Western Indiana Railroad bonds, . 15,000 00 17,475 00
Clearfield & Jefferson Railroad bonds, . . 15,000 00 17,250 00
SPRING GARDEN INSURANCE CO.
;40
Cleve., Columbus, Cin. & Indiana R.R. bonds,
Cleveland Electric Railway bonds, .
Columbus & Cincinnati Midland R.R. bonds,
Easton & Amboy Railroad bonds, .
Edison Electric gold trust certificates,
Electric & People's Traction certificates, .
International Navigation Co. of N. J. bonds,
Jacksonville & St Louis Railway bonds,
Jacksonville Southeastern Railway bonds,
Jacksonville, Tampa & Key West R.R. bonds
Lehigh Coal & Navigation Co. bonds,
Lehigh Valley Coal Co. bonds,
Lehigh Valley Railroad bonds,
Lehigh Valley R'y of New York bonds, .
Mortgage Trust Co of Pennsylvania bond",
New York & Long Branch Railroad bonds,
Northern Pacific R.R. and Land Grant bonds,
Oglethorpe Savings &Tr. Co., Sav., Ga., cert's,
2»j0 shares Pennsylvania Nat 1 ! Bank of Phila.,
Pennsylvania & N. Y. Canal and R R. bonds,
Pennsylvania & Northwestern R.R. bonds,
Pennsylvania Steel Co. bonds, .
People's Passenger R'y bonds, .
Philadelphia & Reading Railroad bonds,
Phila , Reading & New England R.R. bonds,
Pitts., Cincinnati & St. Louis R.R. bonds,
Sanitary Dist. of Chicago bonds,
Schuylkill River East Side Railroad bonds,
Steubenville & Indiana Railroad bonds, .
St. Louis Merchants 1 Bridge Terminal R'y,
Sunbury, Hazelton & Wilkesbarre R'y bonds
Terre Haute & Logan sport Railroad bonds,
United Gas Improvement Co. bonds,
Wilmington & Northern Railroad bonds,
Securities held as collateral for cash loans : —
Lehigh Valley Annuity bonds, .
300 shares Pennsylvania Railroad Company,
500 " Philadelphia Traction Company,
200 " Welsbach Light,
12 " Metropolitan Traction Company,
Kansas City Railway bonds,
Reading Car Trust certificates,
Bloomington City (111.) Railway bonds, .
Ground rents,
Par Value.
$10,000 00
5,000 00
20,000 00
10,000 00
25,000 00
30,400 00
10,000 00
29,000 00
7,000 00
10,000 00
20,000 00
10,000 00
20,000 00
5,0u0 00
25,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
25,000 00
10,000 00
30,000 00
80,000 00
30,000 00
30,000 00
10,000 00
10,000 00
5,000 00
10,000 00
10,000 00
20,000 00
10,000 00
25,000 00
Market Value.
$12,200 00
5,050 00
12,400 00
10,700 00
23,750 00
21,280 00
10,200 00
14,600 00
7,000 00
6,000 00
25,400 00
9,650 00
24,600 00
5,100 00
25,' 00 00
11,400 00
11,500 00
10,000 00
17,000 00
10,700 00
25,500 00
10,000 00
30,550 00
87,000 00
12,000 00
33,000 00
10,650 00
10,200 00
5,525 10
10,400 00
10,700 00
17,000 00
10,500 00
26,250 00
1711,400 00 |708,180 00
Market Value. Loaned Thereon.
$14,760 00
15,525 00^1
33,375 00
8,400 00
1,308 00
4,800 00
2,000 00 J
13,500 00
54,000 00
f 13,500 00
)> 54,000 00
10,091 25
32,020 00
$147,668 00 $109,611 25
350
SPRING GARDEN INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, . .
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks, . e .
Rents due and accrued, . . .
Reclaimable on perpetual deposits, .
Prem's more than three mos. due, $595 24
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance, . . ...
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, . . • .
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total, . . . . .
Premiums now in course of collection,
Entire premiums collected, . . .
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
31, 1896.
$318,000 00
176,000 00
3,706 27
708,180 00
109,611 25
13,739 15
28,984 22
1,886 40
125,697 48
1,290 00
105 50
225 00
$4,804 35
62,502 61
9,575 00
81 96
24,484 61
$52,397 35
411,492 37
383,684 57
2,542 99
1,279 11
18,435 05
39,249 44
31,379 09
[,581 95
773,479 76
$835,061 71
126,292 48
,769 23
194,515 29
:,487,425 27
940,459 97
$546,965 30
400,000 00
$146,965 30
sources,
$514,223 94
9,469 92
41,234 45
* Toial value of property mortgaged,
Amount of insurance held as collateral,
$345,575 00
178,500 00
ST. PAUL FIRE AND MARINE INSURANCE CO.
351
Income from rents,
Income from all other sources,
Deposits received for perpetual fire risks,
$1,085 21
1,411 14
$17,266 04
Gross cash income, $508,324 66
Expenditures.
Cash paid for fire losses, $292,374 61
Deduct salvage and reinsurance, . . . 46,451 72
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees, .
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks, . §9,901,44
Gross cash expenditures, .
$245,922 89
32,000 00
119,545 76
24,832 76
21,328 74
40,799 32
$484,429 47
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, ,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above),
Premiums.
$71,609,508 00 $734,511 88
81,187,837 00 773,479 76
$152,797,345 00 $1,507,991 64
59,368,450 00 624,178 64
$93,428,895 00 $883,813 00
14,003,424 00 135,168 47
),425,471 00 $748,644 53
$17,685,764 00 $420,760 63
Miscellaneous.
Losses paid from organization of company, . ,
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors,
14,011,185 00
251.531 00
1,833,215 00
32,000 00
78,200 00
"ST. PAUL FIRE AND MARINE INSURANCE COMPANY,"
ST. PAUL, MINN.
[Incorporated May, 1865. Commenced business May, 1865.]
Paid-up Capital, $500,000,
C. H. BIGELOW, President. A. W. PERRY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
320 shares First National Bank, St. Paul, . $32,000 00 $76,800 00
500 " Merchants' National Bank, St. Paul, 50,000 00 80,000 00
50 " Second National Bank, St. Paul, . 5,000 00 12,500 00
352
ST. PAUL FIRE AND MARINE INSURANCE CO.
332 shares St. Paul National Bank, St. Paul,
45 " First National Bank, Alexandria,
60 " Flour City Nat'l Bank, Minneapolis
50 " St. Paul Trust Company, St. Paul,
50 " West Publishing Co , St. Paul,
30 " First National Bank, St. Peter,
50 " First National Bank, Stillwater,
45 " North west'n Nat'l B'k, Minneapolis
125 " First National Bank, Minneapolis,
60 " American Exchange Bank, Duluth
100 " First National Bank, Duluth, .
50 " Northwestern Nat'l Bank, Superior
100 " North Amer. Tel. Co., Minneapolis
City of St. Paul, Minn., certificates, .
City of Duluth, Minn., certificates, .
City of Richmond, Va., bonds, .
State of Georgia bonds, .
City of Portland, Ore., bridge bonds,
City of Portland, Ore., water bonds,
County of Missoula, Montana, bonds,
Chic, St. Paul, Minneap. & Omaha R'y bonds
C. N. Nelson Lumber Co., Minnesota, bonds,
City of Faribault, Minn., bonds,
City of .Jordan, Minn., bonds, .
Peoria Grape Sugar Co., Peoria, Til., bonds,
Town of Vernon Centre, Minn., bonds, .
Town of Jo Davies, Minn., bonds, .
Town of Elmore, Minn , bonds,
Town of Winnebago City, Minn., bonds,
Village of Winnebago City, Minn., bonds,
Town of Pilot Grove, Minn., bonds, .
Town of Mazeppa, Minn., bonds,
Town of Blue Earth City, Minn., bonds, .
County of Kidder, N. D., bonds,
County of Barnes & Cass, N. D.,sch'l dist bVls
Village of Detroit, Minn , school district b'ds
County of Carver, Minn., school district bonds
School Dist. 11, Big Stone County, Minn, b'ds
County of Jerauld, S.D., school township bonds
County of Barnes & Cass, N. D., sch'l dist. b'ds
Contracts of sale of lands,
County of Ramsey tax sale certificate,
County warrants, . . . .
Securities held as collateral for cash loans : —
242 shares Merchants' National B'k, St. Paul, .
471 " Savings Bank, St Paul, .
54 " Minnesota Land & Investment Co.,
Par Value.
$33,200 00
4,500 00
6,000 00
5,000 00
2,500 00
3,000 00
5,000 00
4,500 00
12,500 00
6,000 00
10,000 00
5,000 00
10,000 00
25,000 00
10,000 00
25,000 00
25,000 00
23,000 00
27,000 00
10,000 00
50,000 00
10,000 00
25,000 00
32,000 00
2,000 00
2,000 00
5,500 00
6,500 00
10,000 00
5,000 00
5,000 00
5,000 00
36,000 00
9,000 00
7,500 00
5,000 00
2,500 00
3,000 00
1,200 00
2,100 00
7,683 77
2,669 17
1,190 44
Market Value.
$26,560 00
6,300 00
6,600 00
3,000 00
3,750 00
3,750 00
8,750 00
6,075 00
12,500 00
7,500 00
10,000 00
5,000 00
10,000 00
25,000. 00
10,400 00
25,000 00
25,500 00
26,405 00
30,880 00
10,910 00
62,000 00
10,000 00
25,000 00
32,000 00
2,000 00
2,000 00
5,500 00
6,500 00
10,000 00
5,000 00
5,000 00
5,000 00
36,000 00
9,000 00
7,500 00
5,100 00
2,500 00
3,000 00
1,200 00
2,100 00
7,683 77
2,669 17
1,190 44
$575,043 38 $681,123 38
Market Value.
$38,720 00
65,940 00
16,200 00
Loaned Thereon.
$29,400 00
60,600 00
10,000 00
ST. PAUL FIRE AND MARINE INSURANCE CO.
353
77 shares Minneapolis Union Elevator Co., .
345 " Farwell, Ozraun, Kirk & Co. stock,
St. Paul,
200 " Lake SupY Elev. Co. stock, Duluth,
and real estate deed in St. Paul, .
150 " North American Telegraph Co , .
100 " Continental N'l B'k of Chicago, 111.,
50 " First N'l B'k, Little Falls, Minn., .
70 " Strong-Hackett H'dware Co , St. P'l,
75 " Rutland Co. N'l B 1 k, Rutland, Vt, .
105 " Peoria Grape Sugar Co., Peoria, 111.,
65 " First N'l Bank of Pembina, N. D., .
30 " St. Paul Title Ins. & Trust Co., .
124 " Pioneer Press Co , St. Paul, Minn.,
Little Falls, Minn., Electric & Water Co. b'ds,
Little Falls, Minn., Water Power Co bonds, .
500 shares Spring Valley Coal Company,
500 " St. Paul Foundry Company, .
Market Value. Loaned Thereon.
$10,010 00 $8,500 00
37,950 00 22,700 00
15,800 00
15,000 00
12,600 00
7,500 00
7,000 00
10,500 00
10,500 00
7,150 00
3,000 00
4,030 00
31,500 00
22,500 00
37,500 00
25,000 00
7,500 00
10,000 00
10,000 00
5,000 00
2,500 00
7,500 00
5,000 00
5,500 00
2,400 00
3,200 00
25,000 00
11,606 03
30,000 00
$378,400 00 $256,406 03
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Gross assets,
Deduct special deposits in other States, .
$568,936 86
412,394 22
681,123 38
256,406 03
12,413 57
119,553 64
174,900 27
26,589 51
!,252,317 48
50,500 00
Balance . $2,201,817 48
Liabilities.
Losses adjusted, unpaid, . . . . . $37,595 36
claimed and reported, .... 87,888 00
disputed or resisted, .... 9,107 08
Total amount of losses, $134,590 44
Less reinsurance, 4,181 11
Net amount of unpaid losses, .... $130,409 33
Unearned premiums on outstanding risks, . 921,738 97
* Total value of mortgaged property,
Amount of insurance held as collateral,
$923,800 00
349,160 00
354
ST. PAUL FIRE AND MARINE INSURANCE CO.
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ,
Surplus over capital,
$26,235 04
21,826 54
$1,100,209 88
19,251 66
$1,080,958 22
. $1,120,859 26
500,000 00
,859 26
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total, .......
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, . .
),110 37
1,398,156 73
$1,588,267 10
174,900 27
$1,413,366 83
215,730 29
$27,863 01
266,542 40
$294,405 41
26,589 51
$267,815 90
29,135 01
sources,
$1,197,636 54
,572 08
49,265 88
$184,559 72
21,175 64
238,680 89
42,940 10
38,620 75
10,008 25
,527,886 53
$641,306 20
163,384 08
50,000 00
306,783 46
68,242 70
28,733 47
86,230 67
$1,344,680 58
TEUTONIA INSURANCE CO.
355
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$130,710,148 00
98,483,351 00
$229,193,499 00
89,424,549 00
|139,768,950 00
5,547,953 00
Premiums.
$1,747,791 65
1,398,156 73
$3,145,948 38
1,340,557 15
$1,805,391 23
69,223 75
$134,220,997 00 $1,736,167 48
$118,708 64
266,542 40
$385,251 04
254,328 35
$130,922 69
5,563 49
53,488,249 00 $125,359 20
$3,499,065 00
25,756,239 00
$29,255,304 00
25,614,955 00
$3,640,349 00
152,100 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (10 per cent.), .
Company's stock owned by directors,
$21,177,840 00
. 13,373,239 00
645,585 00
170,462 00
. 1,296,694 00
50,000 00
65,300 00
"TEUTONIA INSURANCE COMPANY OF NEW ORLEANS,"
NEW ORLEANS, LA.
[Incorporated April 12, 1871. Commenced business June 1, 1871]
Paid up Capital, $250,000.
ALBERT P. NOLL, President. GEORGE MEYER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
New Orleans city bonds, $220,000 00
Louisiana State bonds, . . . „ . 160,000 00
United States bonds, ..... 50,000 00
100 shares Canal Rank, New Orleans, . . 10,000 00
25 " GermaniaNafl Bank, New Orleans, 2,500 00
10
Provident Savings Bank, N. O.,
1,000 00
Market Value.
$239,450 00
155,600 00
55,500 00
12,000 00
2,625 00
800 00
$443,500 00 $465,975 00
356
TEUTONIA INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Stocks and bonds, as per schedule, .
Cash deposited in office and in bank,
Premiums in course of collection (gross),
Gross assets, .....
31, 1896.
$40,000 00
15,750 00
465,975 00
32,386 68
65,869 30
$619,980 98
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
Dividends to stockholders, unpaid, .
Commissions and brokerage, .
Return premiums, .....
Reinsurance, . . . .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$14,173 50
186,235 45
13,075 00
1,847 30
1,632 50
455 26
217,419 01
. $402,561 97
250,000 00
Surplus over capital, $152,561 97
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total, ' .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources,
Gross cash income,
$58,893 36
457,792 90
$516,686 26
63,823 70
$452,862 56
125,515 01
$2,873 41
26,093 09
$28,966 50
2,045 60
$26,920 90
7,423 50
$327,347 55
19,497 40
19,173 41
$366,018 36
* Total value of property mortgaged,
Amount of insurance held as collateral.
$37,500 00
24,800 00
traders' INSURANCE CO.
357
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Gross cash expenditures, .
Risks and Premiums.
$190,011 02
14,481 91
Fire risks outstanding Dec. 31, 1895
Fire risks written during 1896,
Total
Deduct risks expired and terminated
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Marine risks written during 1896,
Risks expired and terminated, .
. $31,011,083 00
. 28,048,487 00
.|59,059,570 00
. 27,803,452 00
.$31,256,118 00
. 1,352,979 00
. $29,903,139 00
. #5,862,877 00
. $5,862,877 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors,
$175,529 11
6,881 71
25,000 00
63,920 70
23,357 97
8,192 81
17,431 72
$320,314 02
Premiums.
$341,608 73
457,792 90
$799,401 63
417,821 27
$381,580 36
20,302 85
$361,277 51
$26,093 09
$26,093 09
55,727,663 00
2,724,721 00
172,437 00
6,881 00
538,892 00
12,500 00
82,100 00
"TRADERS' INSURANCE COMPANY," CHICAGO, ILL.
[Incorporated February, 1865. Commenced business May, 1872.]
Paid-up Capital, $500,000.
E. BUCKINGHAM, President. R. J. SMITH, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds ". $150,000 00 f 164,625 00
Chicago Packing & Provision Company bonds, 25,000 00 25,000 00
North Chicago Street Railway Co. bonds, . 5,000 00 5,000 00
358
TRADERS INSURANCE CO.
Chic. & South Side Rapid Transit R.R. Co. bds.
American Exchange National Bank stock,
National Bank of America stock,
Union National Bank stock,
Continental National Bank stock,
Corn Exchange Bank stock,
Chicago & Alton Railroad stock,
Chicago, Milwaukee & St. Paul Railway stock
Chicago & Northwestern Railway stock,
Chicago City Railway stock, .
Chicago Western Division Railway stock,
West Chicago Street Railroad stock,
North Chicago City Railway stock, .
North Chicago Street Railroad stock,
National Railway stock, .
Tri-City Railway stock, .
Mutual Fuel Gas Company stock,
Universal Gas Association stock,
Central Music Hall stock,
Chicago Leasehold Trustees stock,
Town of Cicero warrants,
Par Value.
$45,000 00
25,000 00
30,000 00
20,000 00
32,500 00
10,000 00
25,000 00
50,000 00
75,000 00
180,000 00
6,800 00
11,500 00
5,000 00
60,000 00
56,700 00
10,000 00
13,600 00
12,240 00
2,200 00
25,000 00
8,832 97
Market Value.
115,750 00
23,500 00
36,000 00
18,600 00
39,000 00
26,000 00
40,000 00
47,750 00
88,250 00
387,000 00
40,800 00
9,430 00
25,000 00
114,000 00
60,669 00
10,000 00
17,000 00
12,240 00
7,700 00
25,000 00
8,065 25
$884,372 97 $1,246,379 25
Securities held as collateral for cash loans :
Chicago Auditorium Association bonds, .
Market Value. Loaned Thereon.
$25,000 00 $22,500 00
Summary of Assets Dec. 31, 1896
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, ....
Premiums in course of collection (gross),
Due for losses paid and premiums advanced,
Prem's more than three mos. due, . $885 54
Gross assets,
$6,524 37
232,850 00
5,561 74
1,246,379 25
22,500 00
522 01
76,327 99
7,091 22
63,901 19
21,715 26
$1,683,373 03
* Value of lands mortgaged, $309,829 00
Value of buildings thereon, 292,713 00
Amount of insurance held as collateral, .... 228,246 00
TRADERS INSURANCE CO.
359
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risk
Commissions and brokerage, .
Reinsurance disallowed, .
All other items,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, . ...
$22,594 17
37,492 68
16,624 15
,711 00
4,618 02
$72,092 98
473,361 35
8,937 86
24,982 19
10,312 34
$589,686 72
. $1,093,686 31
500,000 00
. $593,686 31
Income.
Fire premiums outstanding Dec. 31, 1895, . $52,986 06
Premiums on risks written or renewed, . . 849,681 67
Total, $902,667 73
•Premiums now in course of collection, . . 64,786 73
Entire premiums collected, .... $837,881 00
Less reinsurance and return premiums, . . 168,549 22
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
From profit and loss items of previous years, . . . .
$669,331 78
12,965 42
59,804 52
257 67
Gross cash income, $742,359 39
Expenditures.
Cash paid for fire losses, . . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses, . ...
$410,128 71
35,585 27
$374,543 44
50,000 00
112,432 37
60,063 50
24,148 39
55,742 37
Gross cash expenditures,
$676,930 07
360
UNION INSURANCE CO.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$65,380,700 00 $969,152 87
61,280,200 00 849,681 67
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
$126,660,900 00 $1,818,834 54
56,451,972 00 830,085 28
$70,208,928 00 $988,749 26
3,882,015 00 53,591 26
$66,326,913 00 $935,158 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the yfar (10 per cent ),
Company's stock owned by directors, ....
$11,649,370 00
7,190,890 00
358,479 00
1,222,500 00
50,000 00
127,200 00
"UNION INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated Feb. 6, 1804. Commenced business July 25, 1803.]
Paid-up Capital, $200,000.
CHAS. S. HOLLINSHEAD, President. E. R. DANNEL3, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, ....
Baltimore & Ohio Railroad bonds, .
Susquehanna Coal Co bonds, .
Steubenville & Indiana Railroad bonds, .
Chesapeake & Delaware Canal Co. bonds,
Philadelphia & Reading Railroad bonds,
New York Car Trust bonds,
Shamokin, Sunbury & Lewisburg R R. bonds
Perkiomen Railroad Co. bonds,
Lehigh Valley Railroad Co. bonds, .
North Pennsylvania Railroad Co. bonds,
Hestonville, Mantua & Fairm't Pass. R.R. b'ds
People's Passenger Railway Co. bonds,
Lehigh Coal and Navigation Co. bonds,
Cincinnati, Dayton & Ironton R.R. bonds
Terminal R.R Asso. of St Louis bonds,
Atlantic City Railroad Co. bonds,
Union Traction Co. trust certificates,
Par Value.
fl 0,000 00
25,000 00
10,000 00
15,000 00
15,000 00
44,000 00
16,000 00
4,000 00
13,000 00
10,000 00
2,000 00
20,000 00
11,000 00
10,000 00
5,000 00
5,000 00
11,000 00
5,000 00
Market Value.
$11,400 00
27,250 00
11,400 00
16,500 00
7,050 00
45,855 00
16,000 00
4,120 00
13,000 00
12,300 00
2,260 00
22,200 00
11,780 00
10,400 00
5,375 00
5,250 00
11,440 00
3,525 00
UNION INSURANCE CO.
;01
Huntingdon & Broad Top Car trust fund
Baltimore & Ohio R.R. Co. certificates,
Easton & Am boy Railroad Co bonds,
Penn & N. Y. Canal and R.R. Co. bonds
100 shares Little Schuylkill Railroad Co.
200 " Pennsylvania Railroad Co.,
136 " North Pennsylvania Railroad Co.,
48 " Delaware Railroad Co., .
88 " Delaware Insurance Co.,
68 " Philadelphia National Bank,
88 " Farmers 1 and Mechanics' N'l Bank,
100 " Philadelphia Traction Co.,
109 " 13th and 15th Streets Pass. R'y Co.,
Securities held as collateral for cash loans : —
14 shares Commonw'th Title Ins. & Trust Co.,
United N. J. Railroad & Canal Company,
22 shares Commonw'th Title Ins. & Trust Co.,
10 " Pennsylvania Fire Insurance Co.,
5 " American Fire Insurance Company,
3 " Reliance Insurance Company,
2 " Pennsylvania Railroad bonds,
Philadelphia & Reading Railroad bonds,
100 shares Continental Pass. Railway,
54 " Union National Bank,
5 " Guarantee Trust & Safe Dep. Co.,
15 " Land Title Trust Company, .
Par Value.
$10,000 00
10,000 00
14,000 00
10,000 00
5,000 00
10,000 00
6,800 00
1,200 00
2,200 00
6,800 00
8,800 00
5,000 00
5,450 00
Market Value.
$10,100 00
10,225 00
14,910 00
10,800 00
5,100 00
10,350 00
11,356 00
1,536 00
2,024 00
12,920 00
9,372 00
6,700 00
25,887 50
$326,250 00 $368,385 50
Market Value. Loaned Thereon.
$938 00
5,250 00
1,474 00 ^
3,500 00
505 00
168 00
103 50
820 00 J
12,900 00
4,158 00
900 00
1,950 00
$5,000 00
J. 5,000 00
5,000 00
2,100 00
2,200 00
$32,666 50 $19,300 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $160,000 00
Loans on mortgage of real estate (first liens *), 9,900 00
Interest due or accrued thereon, ... 97 50
Stocks and bonds, as per schedule, . . . 368,385 50
Loans on collateral security, as per schedule, . 19,300 00
Cash in the office of the company, . . . 3,988 39
Cash deposited in bank, . . . . 18,422 42
Interest due and accrued, 1,240 84
Premiums in course of collection (gross), . 59,012 21
Notes taken for fire risks, .... 1,000 00
Rents due 38 54
Perpetual insurance, 742 50
Gross assets,
$642,127 90
* Total value of property mortgaged,
Amount of insurance held as collateral,
$16,000 00
7,000 00
362
UNION INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance, . . . . .
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Dividends to stockholders, unpaid, .
Commissions and brokerage, .
Incidentals, . . . .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$10,305 58
21,493 93
400 00
$32,259 51
268 68
$31,990 83
215,003 00
34,820 87
1,659 44
13,490 70
31 09
95 30
1297,091 23
$345,036 67
200,000 00
$145,036 67
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, . .
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Deposits received for perpetual fire risks,
Gross cash income,
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
Cash paid for salaries of officers and employees,
$59,709 63
404 30
$59,305 33
370,203 73
$429,509 06
60,012 21
$369,496 85
55,780 94
sources,
.$1,687 05
$174,741 17
5,462 41
$313,715 91
495 00
18,824 67
2,697 88
$335,733 46
,278 76
11,740 53
60,202 90
37,195 20
UNITED FIREMEN'S INSURANCE CO.
363
Cash paid for State and local taxes,
Cash paid for general expenses,
Deposits returned on perpetual fire risks^
Gross cash expenditures, . .
$983 93
,178 83
31,844 79
$320,441 01
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896, ,
Risks and Premiums.
Premiums.
.$38,523,158 00 $430,836 31
. 31,983,274 00 370,203 73
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$70,506,432 00 $801,040 04
. 32,375,235 00 375,615 21
,131,197 00 $425,424 83
944,364 00 10,020 47
. $37,186,833 00 $415,404 36
Perpetual risks in force (not incl'd above), . $1,300,478 00 $38,689 86
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared daring the year (6 per cent.), .
Company's stock owned by directors,
$24,049,982 00
17,082,147 00
157,074 00
1,894,221 00
12,000 00
37,300 00
"UNITED FIREMEN'S INSURANCE COMPANY OE PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 2, 1860. Commenced business April 1, 1861.]
Paid-up Capital, $300,000.
ROBERT B. BEATH, President. DENNIS 3. SWEENY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Northern Central Railroad bonds, . . . $10,000 00 $11,500 00
Chicago & W. Indiana Railroad bonds, . . 10,000 00 11,700 00
Zanesville & Ohio Railroad bonds, . . . 10,000 00 1,000 00
Toledo Belt Line Railway bonds, . . . 10,000 00 10,000 00
McKeesport & Belle Vernon R R. bonds, . 10,000 00 12,500 00
Atlantic City Railroad Co. bonds, . . . 20,000 00 20,800 00
Lehigh Valley Railway bonds, . . . 20,000 00 20,000 00
Philadelphia & Reading Railroad bonds, . 10,000 00 10,300 00
The Mortgage Trust Co. of Penn. bonds, ; . 10,000 00 10,000 00
The Real Estate Title Ins. and Trust Co. bonds, 20,000 00 20,000 00
City of Woonsocket, Dakota, bonds, . . 6,000 00 6,000 00
364
UNITED FIREMEN S INSURANCE CO.
199 shares Union Passenger Railway,
200 " Continental Passenger Railway,
Penn. & New York Canal and R R bonds,
Car Trusts of New York, . .
Evansville & Terre Haute R.R. bonds, .
Columbus & Cincinnati Midland R.R. bonds,
People's Passenger Railway certificates, .
Philadelphia & Baltimore Railroad certificates
Newark Passenger R'y Co. bonds, .
Philadelphia '1 raction Company trust bonds,
Second Ave. Traction Co. of Pittsburgh b 1 ds,
Pittsburgh, Cincinnati & St. Louis R'y bonds,
Electric & People's Traction certificates,
154 shares Union Traction Co., Philadelphia,
Baltimore & Potomac R.R. Co. tunnel bonds,
Lehigh Valley R.R. Co. car trust loan,
Lehigh Coal & Navigation Co. trust bonds,
Par Value.
$9,950 00
20,000 00
20,000 00
16,000 00
10,000 00
8,000 00
15,000 00
10,000 00
10,000 00
10,000 00
15,000 00
17,000 00
15,200 00
1,540 00
5,000 00
15,000 00
20,000 00
Market Value.
$44,775 00
26,000 00
19,000 00
15,200 00
8,000 00
4,800 00
14,100 00
10,200 00
10,700 00
10,300 00
15,450 00
18,700 00
10,640 00
1,463 00
6,150 00
15,600 00
20,800 00
$353,690 00 385,678 00
Securities held as collateral for cash loans : —
50 shares 13th & 15th Streets Passenger R'y,
20 " Bucks Co., Pa., Trust Company, .
12 " New Hope Delaware Bridge Co ,
10 " Title Guarantee & Trust Co., N. Y.,
200 " Philadelphia Traction Company, .
Consolidated Traction Co., N. J., bonds, .
50 shares Real Estate, Title Ins. & Trust Co.,
100 " Record Publishing Co., Phila., .
100 " Chestnut Street N'l Bank, Phil., .
240 " Pennsylvania Railroad,
200 " Metropolitan Traction Co., N. Y.,
1,000 " N. Pacific Railroad certificates, .
300 " Baltimore Traction Company,
100 " Consolidated Traction Co., N. J.,
200 " Philadelphia Traction Co , Phila.,
500 " Union Traction Co. certificates, .
Market Value. Loaned Thereon.
$11,875 001
2,500 00
1,500 00
2,750 00
13,400 00
4,950 00 J
6,075 00
12,000 00 )
10,000 00 $
12,360 00
21,900 00
14,125 00
5,325 00^
2,400 00 "
13,400 00
4,875 00 j
$19,000 00
5,000 00
15,000 00
25,000 00
10,000 00
}> 20,000 00
$139,435 00 $94,000 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $146,350 00
Loans on mortgage of real estate (first liens *), 670,519 94
Interest due or accrued thereon, . . . 14,235 71
* Total value of property mortgaged $1,381,375 00
Amount of insurance held as collateral 479,966 00
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Perpetual deposits and surveys,
Prem's more than three mos. due, $1,532 08
Gross assets,
RANCE CO.
365
. $385,678 00
94,000 00
2,740
20
65,005
08
1,459
81
37,816
37
492
47
6,191
•
51
$1,424,489 09
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Due and accrued for rent, salaries, etc ,
State and local taxes,
Commissions and brokerage, .
Return premiums, ....
Reinsurance disallowed, . . .
Reinsurance, . . . . .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
$3,734 90
6,945 00
8,250 00
201,464 21
686,745 49
379 29
2,106 83
8,802 10
3,608 88
736 28
1,415 78
924,188 76
$500,300 33
300,000 00
f 200,300 33
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected, .....
Net collected, .....
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
,259 12
58 79
$38,200 33
318,181 89
$356,382 22
39,348 45
$317,033 77
47,071 32
sources, .
$36,839 47
$269,962 45
34,790 80
22,761 90
97 02
$327,612 17
366
UNITED STATES FIRE INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for general expenses,
Deposits returned on perpetual fire risks,
Gross cash expenditures, ....
Risks and Premiums.
$17,332 37
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
. 137,092,975 00
. 28,560,847 00
Total, $65,653,822 00
Deduct risks expired and terminated, . . 28,541,196 00
In force at end of year,
Deduct amount reinsured,
.$37,112,626 00
. 2,379,966 00
Net amount in force, $34,732,660 00
Perpetual risks in force (not incl'd above), . $33,302,531 00
$ 143,474 14
30,000 00
56,995 59
23,879 83
8,505 12
26,471 03
$289,325 71
Premiums.
$420,570 47
318,181 89
$738,752 36
324,328 92
$414,423 44
28,810 87
$385,612 57
$759,497 48
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent ),
Company's stock owned by directors, ....
$4,107,928 00
2,453,212 00
125,172 00
413,506 00
30,000 00
88,610 00
" UNITED STATES FIRE INSURANCE COMPANY, 1 '
NEW YORK, N. Y.
[Incorporated April 1, 1824. Commenced business April 9, 1824.]
Paid-up Capital, $250,000.
W. W. UNDERBILL, President. W. H. GRIFFEN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $117,000 00
Rensselaer & Saratoga Railroad stock, . . 17,800 00
New York Central & Hudson River Railroad, 15,000 00
Market Value.
$128,992 50
32,040 00
13,950 00
$149,800 00 $174,982 50
UNITED STATES FIRE INSURANCE CO.
■ f57
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *), $431,500 00
2,174 34
174,982 50
4,189 60
7,281 07
2,132 00
54,906 40
387 36
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Due for reinsurance on losses, . .
Gross assets, f
Deduct special deposits in other States, .
$677,553 27
13,130 00
Balance, 1664,423 27
Liabilities.
Losses adjusted, unpaid, $4,862 21
claimed and reported, .... 14,595 25
disputed or resisted, .... 14,129 73
Total amount of losses, . . . . . $33,587 19
Less reinsurance, 1,408 27
Net amount of unpaid losses, .... $32,178 92
Unearned premiums on outstanding risks, . 233,395 11
Due and accrued for rent, salaries, etc., . . 1,905 06
Commissions and brokerage, .... 11,686 64
Reinsurance, 600 00
Return premiums, * 7,238 00
Reinsurance disallowed, 269 76
Gross liabilities, except capital, . . $287,273 49
Deduct liability on special deposits, . . 6,319 00
280,954 49
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
$383,468 78
250,000 00
$133,468 78
* Value of lands mortgaged, .
Value of buildiugs thereon, . . .
Amount of insurance held as collateral, .
$313,500 00
500,000 00
465,200 00
t Including $125,000 special reserve fund heldunder New York law.
368
UNITED STATES FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Gross cash income, . .
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employe
for State and local taxes,
for rents,
for general expenses,
Gross cash expenditures, .
Risks and Premiums.
$55,802 01
204 65
$55,597
338,110
36
23
$393,707
52,727
59
83
$340,979
72,225
76
51
$1,438 61
27,351 12
$28,789
2,178
73
57
$26,611
1,845
16
32
sources,
$169,885 78
13,359 15
$10,524 05
551 53
es,
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total, ......
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $49,697,743 00
. 34,524,623 00
$268,754 25
24,765 84
18,613 90
6,740 61
$318,874 60
$156,526 63
9,972 52
15,000 00
72,072 27
24,687 95
4,678 73
7,000 00
18,868 23
$308,806 33
Premiums.
$515,181 33
338,110 23
$84,222,366 00 $853,291 56
38,545,721 00 394,436 63
$45,676,645 00 $458,854 93
3,014,771 00 27,914 08
12,66 1,874 00 $430,940 85
UNITED STATES LLOYDS.
369
Marine risks outstanding Dec. 31, 1895, . . $563,925 00
Marine risks written during 1896, . . . 997,628 00
Total,
Deduct risks expired and terminated,
In force at end of year,
,561,553 00
831,002 00
Premiums.
$18,310 66
27,351 12
$45,661 78
22,597 14
$730,551 00 $23,064 64
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent ), .
Company's stock owned by directors, ....
£6,069,536 00
3,265,742 00
129,364 00
12,763 00
1,846,590 00
15,000 00
49,475 00
UNITED STATES LLOYDS, NEW YORK, N. Y.
[Commenced business December, 1872.]
HIGGINS, COX & BARRETT, Attorneys.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Fnited States bonds, $50,000 00 $51,700 00
New York city bonds, . . . . . 100,000 00 101,500 00
Boston city bonds, 50,000 00 56,500 00
it. Louis city bonds, 50,000 00 51,375 00
Cincinnati city bonds, .....' 50,000 00 50,500 00
West Shore Railroad bonds, .... 50,000 00 52,000 00
Chicago, Rock Island & Pacific R.R. bonds, . 50,000 00 51,000 00
Havana municipal bonds, 5,000 00 4,700 00
Atlantic Mutual Insurance Company scrip, . 73,370 00 73,370 00
$478,370 00 $492,645 00
Securities held as collateral for cash loans :
Fourth National Bank stock,
Home Insurance Company stock,
Long Island Loan and Trust Company stock,
Texas Pacific Railroad bonds, .
Detroit Citizens' Street Railway bonds, .
Allentown & Lehigh Valley Trac. Co. bonds,
Wabash Railroad bonds, . .
Texas & Pacific Railroad bonds,
Philadelphia & Reading Railroad bonds,
Market Value.
$17,500 00
5,670 00 \
2,100 00 i
1,450 00 )
17,400 00^
13,500 00 j
10,950 00 [
8,800 00 j
10,627 50 J
Loaned Thereon.
$15,000 00
5,400 00
50,000 00
|87,997 50 $70,400 00
370
UNITED STATES LLOYDS.
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in coarse of collection (gross),
Notes taken for marine risks, .
Salvages and reinsurance,
Prenrs more than three mos. due, $9,749 20
Gross assets,
31, 1896.
$492,645 00
70,400 00
2,000 00
102,062 80
11,661 90
173,159 61
16,317 09
81,361 47
$949,607 87
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Cash deposited in trust, .
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums,
Reinsurance,
Rebate,
Gross liabilities, .....
$107,925 00
148,443 29
22,114 06
2,342 00
6,566 83
24,500 00
10,918 51
1,317 34
324,127 03
Surplus, $625,480 84
Income.
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
$165,263 96
1,438,141 53
>1,603,405 49
199,225 90
Entire premiums collected, .... $1,404,179 59
Less reinsurance and return premiums, . . 1,000,994 66
Net cash marine premiums received,
Interest and dividends received from all sources, .
Income from commission, discount and reinsurance,
Gross cash income,
- $403,184 93
26,581 65
88,827 37
. $518,593 95
Expenditures.
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
$717,248 99
386,533 98
$330,715 01
50,000 00
VICTORIA FIRE INSURANCE CO.
371
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
$14,314,089 00
256,977,979 00
$271,292,068 00
259,014,159 00
$12,277,909 00
7,915,257 00
$44,864 10
50,930 79
2,026 68
3,487 85
$482,024 43
Premiums.
$190,695 66
1,438,141 53
51,628,837 19
1,480,393 90
$148,443 29
65,644 84
$4,362,652 00 $82,798 45
"VICTORIA FIRE INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated June 24, 1896. Commenced business July 1, 1896.]
Paid-up Capital, $200,000.
HENRY H. HALL, President. EDW. K. BEDDALL, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, .
New York City water stock,
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets, . .
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State and local taxes, ....
Commissions and brokerage, .
O 7
Return premiums, . . . .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
Par Value. Market Value.
$125,000 00 $148,750 00
50,000 00 52,937 50
$175,000 00 $201,687 50
31, 1896.
$201,687 50
26,670 08
8,071 84
$236,429 42
$108 81
17,285 75
18 00
1,302 54
677 88
19,392 98
$217,036 44
200,000 00
$17,036 44
372
WESTCHESTER FIRE INSURANCE CO.
Income.
Premiums on risks written or renewed, .
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Gross cash income,
Expenditures.
Cash paid for fire losses, . . . . .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
to local boards, ...
Gross cash expenditures, ....
,610 22
8,071 84
51,538 38
3,593 58
$27,944 81
2,888 25
130,833 06
$1,399 02
6,770 43
2,950 95
607 00
54 00
£11,781 40
Risks and Premiums.
Fire risks written during 1896,
Deduct risks expired and terminated,
In force at end of year,
t,196,118 00
966,150 00
Premiums.
f39,610 22
5,038 72
$3,229,968 00 $34,571 50
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year,
Company's stock owned by directors,
$27,944 00
1,399 00
1,507 00
32,500 00
" WESTCHESTER FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated as mutual March 14, 1837. Commenced business as joint-stock Jan. 1, 1870.]
Paid-up Capital, $300,000.
GEO. R. CRAWFORD, President. JOHN" Q. UNDERHILL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Albany & Susquehanna Railroad stock, . . $40,000 00 $68,000 00
New York & Harlem Railroad stock, . . 60,000 00 172,500 00
Rensselaer & Saratoga Railroad stock, . . 50,000 00 90,000 00
New York, Lackawanna & Western R.R. stock, 80,000 00 94,000 00
Rome, Watertown & Ogdensburg R.R. stock, . 50,000 00 59,000 00
Oswego & Syracuse R R. stock, . . . 20,000 00 41,000 00
WESTCHESTER FIRE INSURANCE CO.
373
Long Island Railroad stock, .
Chicago & Northwestern Railroad stock,
Chicago, Milwaukee & St. Paul R.R. stock,
Lake Shore & Michigan Southern R.R. stock, .
Delaware, Lackawanna & Western R.R. stock,
Consolidated Gas Company, New York, stock,
Delaware & Hudson Canal Company stock,
Western Union Telegraph Company stock,
United States consols, ....
Chicago, Burlington & Quincy R.R. bonds,
Erie Railroad bonds, ....
St. Joseph & Grand Island Railroad bonds,
Atchison, Topeka & Santa Fe Railroad bonds
Chesapeake & Ohio Railroad bonds,
New York, Ontario & Western R.R. bonds,
Northern Pacific Railroad bonds,
Buffalo, Rochester & Pittsburgh R.R. bonds,
Philadelphia & Reading Railroad bonds, .
Western Union Telegraph Company bonds,
Richmond, Va,, city bonds,
Par Value.
$50,000 00
50,000 00
30,000 00
20,000 00
20,000 00
30,000 00
50,000 00
20,000 00
100,000 00
20,000 00
60,000 00
80,000 00
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
16,000 00
Market Value.
$21,500 00
51,000 00
39,000 00
30,800 00
31,600 00
41,500 00
58,000 00
16,600 00
111,000 00
17,500 00
39,000 00
38,400 00
15,900 00
21,600 00
21,600 00
22,500 00
19,500 00
16,000 00
21,600 00
15,000 00
|986,000 00 $1,174,100 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $216,500 00
Loans on mortgage of real estate (first liens *), 526,200 00
Interest due or accrued thereon, . . . 4,799 31
Stocks and bonds, as per schedule, . . . 1,174,100 00
Cash deposited in bank, ..... 84,562 42
Premiums in course of collection (gross), ' . 224,545 60
Prem's more than three mos. due, $10,347 16
Gross assets,
Deduct special deposits in other States,
1,230,707 33
98,250 00
Balance, $2,132,457 33
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
,249 49
66,639 37
4,500 00
$106,388 86
704 14
$105,684 72
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$457,000 00
782,700 00
523,100 00
374
WESTCHESTER FIRE INSURANCE CO.
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital,
. $1,082,736 83
49,243 47
3,324 65
. $1,240,989 67
43,738 31
Surplus over capital, .
- $1,197,251 36
. $935,205 97
300,000 00
. $635,205 97
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, ....
$231,744: 59
6,296 34
f225,448 25
1,505,618 10
$1,731,066 35
234,892 76
$1,496,173 59
220,111 75
$1,276,061 84
29,319 44
sources, . . 41,907 77
749 96
. $1,348,039 01
Expenditures.
Cash paid for fire losses, . . . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
f638,560 64
39,42 L 33
$599,139 31
30,000 00
205,023 43
46,303 18
32,723 31
158,923 73
Gross cash expenditures, .
. $1,132,112 96
THE AVESTERN INSURANCE CO.
375
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Premiums.
$196,641,128 00 $2,233,032 92
131,889,081 00 1,505,618 10
$328,530,209 00 $3,738,651 02
127,042,785 00 1,547,613 05
$201,487,424 00 $2,191,037 97
6,213,929 00 65,199 07
$195,273,495 00 $2,125,838 90
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$22,402,351 00
12,380,634 00
599,484 00
738,000 00
30,000 00
78,890 00
"THE WESTERN INSURANCE COMPANY OF PITTSBURGH, 1 '
PITTSBURGH, PA.
[Incorporated March 20, 1849. Commenced business May 1, 1849.]
Paid-up Capital, $300,000.
ALEXANDER NIMICK, President. WM. P. HERBERT, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . . . . . $30,000 00 $33,300 00
Allegheny County bonds, 20,000 00 20,000 00
Pittsburgh Junction Railroad bonds, . . 23,000 00 26,340 00
Pittsburgh & Western Railroad bonds, . . 10,000 00 7,500 00
100 shares Pittsburgh & Western Railroad, . 5,000 00 1,500 00
Pitts., Newcastle & Lake Erie bonds, . . 1,500 00 1,545 00
Pittsburgh & Allegheny Bridge Co. bonds, . 15,000 00 15,300 00
Wilkinsburg Borough bonds, .... 30,000 00 30,600 00
Braddock Township school bonds, . . . 6,000 00 6,120 00
New Brighton school bonds, .... 7,000 00 7,170 00
German Protestant Evangelical Church bonds, 8,500 00 8,568 00
Bellevue Borough bonds, 5,000 00 5,090 00
Avalon Borough school bonds, . . . 4,500 00 4,565 00
Point Bridge Co. bonds, 3,000 00 3,000 00
Jack's Run Bridge Co. bonds, .... 4,000 00 4,000 00
$172,500 00 $174,598 00
376
THE WESTERN INSURANCE CO.
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, .
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets, . .
$62,000 00'
239,500 00
4,285 00
174,598 00
1,332 36
26,360 92
298 08
20,895 81
175 00
$529,445 17
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .
Surplus over capital, ....
$2,165 51
10,759 00
3,900 00
133,000 34
3,800 35
437 66
154,062 86
$375,382 31
300,000 00
$75,382 31
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums on risks written or renewed
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, ....
*,846 24
210,156 28
$239,002 52
20,895 81
$218,106 71
24,926 30
$293 63
12 73
sources,
$193,180 41
280 90
11,664 40
8,141 52'
825 00
$214,092 23
* Value of lands mortgaged, $264,750 00
Value of buildings thereon 378,950 00
Amount of insurance held as collateral 206,750 00
WILLI AMSBURGH CITY FIRE INSURANCE CO.
377
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for marine and inland losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
$104,687 21
3,134 83
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Marine risks written during 1896, .
Deduct risks expired and terminated,
. $20,907,630 00
. 19,083,200 00
. $39,990,830 00
. 18,013,295 00
.$21,977,535 00
409,539 00
$101,552 38
206 63
18,000 00
40,775 67
8,861 25
5,040 50
7,388 08
$181,824 51
Premiums.
$253,321 49
210,156 28
,477 77
202,762 47
$260,715 30
4,723 99
. $21,567,996 00 $255,991 31
$32,786 00
32,786 00
$293 63
293 63
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.),
Company's stock owned by directors, . .
$4,207,764 00
2,401,745 00
101,368 00
207 00
935,500 00
18,000 00
59,000 00
" WILLIAMSBURGH CITY FIRE INSURANCE COMPANY/
BROOKLYN, N. Y.
[Incorporated March, 1853. Commenced business March, 1853.]
Paid-up Capital, $250,000.
MARSHALL S. DRIG-G-S, President. FRED'K H. WAY, Secretary
Detailed Statement of Stocks and Bonds.
Par Value.
$23,000 00
13,500 00
25,000 00
United States bonds,
Richmond, Va., bonds,
Georgia State bonds,
Market Value.
$25,530 00
13,500 00
27,500 00
'378
WILLIAMSBURGH CITY FIRE INSURANCE CO.
Brooklyn Rapid Transit Co. bonds, .
Long Island Bank, Brooklyn, stock, .
First National Bank, Brooklyn, stock,
Brooklyn Union Gas Co. bonds,
Brooklyn Union Gas Co. stock,
Edison Electric Illuminating Co.,
Dry Dock, E. B'way & Battery R.R. stock,
King's County Trust Co., Brooklyn, stock,
Brooklyn City Railroad stock,
Brooklyn & New York Ferry Company stock
Union Ferry Company of Brooklyn stock,
Brooklyn Rapid Transit Co. stock, .
Legal Surety Co. of the United States, .
Securities held as collateral for cash loans :
Brooklyn City Railroad Co. stock, .
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest clue or accrued thereon,
Stocks and bonds, as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Rents due and accrued,
Reinsurance, ....
Gross assets, f .
Deduct special deposits in other States,
Par Value.
$23,000 00
10,000 00
18,400 00
9,000 00
25,000 00
10,000 00
20,000 00
9,000 00
110,000 00
12.500 00
45,000 00
130,000 00
5,000 00
Market Value.
$17,480 00
10,000 00
73,600 00
9,360 00
21,250 00
9,800 00
32,000 00
22,950 00
187,000 00
22,875 00
27,000 00
23,400 00
5,500 00
Balance, $1,593,326 57
$488,400 00 $528,745 00
Market Value. Loaned Thereon.
$10,200 00 $7,400 00
31, 1896.
$629,000 00
295,650 00
3,055 88
528,745 00
7,400 00
1,079 51
74,172 80
2,886 77
86,545 07
5,632 00
159 54
$1,634,326 57
41,000 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
$4,503 29
27,101 50
4,352 77
$35,957 56
781 04
$35,176 52
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$276,000 00
237,500 00
232,800 00
t Including $280,000 special deposit held under New York law.
WILLI AMSBURGH CITY FIRE INSURANCE CO.
379
Unearned premiums on outstanding risks,
Dividends to stockholders, unpaid, .
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Reinsurance, .....
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
$517,768 75
430 00
283 33
4,255 60
14,279 24
1,123 25
11,983 97
$585,300 66
18,487 94
$566,812 72
Surplus as regards policy holders, .
Paid-up capital, . . ...
Surplus over capital, .
. $1,026,513 85
250,000 00
$776,513 85
Income.
Fire premiums outstanding Dec. 31, 1895, . $78,921 66
Same not collected, 6,313 73
Net collected, $72,607 93
Premiums on risks written or renewed, . . 682,544 73
Total, . 0755,152 66
Premiums now in course of collection, . . 89,116 87
Entire premiums collected, .... $666,035 79
Less reinsurance and return premiums, . . 76,296 96
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Gross cash income,
$589,738 83
12,670 39
27,012 71
29,309 53
$658,731 46
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
for expenses on real estate,
$262,493 19
16,195 96
$246,297 23
51,170 00
137,732 94
66,590 20
6,495 85
41,766 73
20,214 94
Gross cash expenditures,
$570,267 89
380
WILLIAMSBURGH CITY FIRE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
1124,046,938 00
77,668,008 00
$201,714,946 00
76,202,450 00
1126,512,496 00
4,573,329 00
Premiums.
$1,036,740 26
682,544 73
.1,719,284 99
663,341 92
11,055,943 07
36,678 93
$121,939,167 00 $1,019,264 14
MlSCELLANEOUS.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, ....
15,479,367 00
8,015,960 00
233,078 00
1,502,500 00
50,000 00
47,500 00-
AGGREGATE.
Capital Stock.
Capital actually paid up in cash, .
Scrip outstanding, .
Gross present assets,
Assets.
Liabilities.
Gross present liabilities,
Income.
Cash actually received for fire premiums, .
for marine and inland premiums,
for interest and dividends from all sources,
from all other sources, ....
Gross cash income,
Expenditures.
Cash actually paid during the year for fire losses,
for marine and inland losses,
for dividends to stockholders,
for redemption of scrip, ....
for interest to scrip holders,
for brokerage and commission on premiums,
for salaries and pay of officers and employees,
for State and local taxes, ....
for office, agency and incidental expenses,
Gross cash expenditures, ....
Miscellaneous.
Whole amount of fire risks written during the year, .
premiums charged or receivable thereon,
marine and inland risks written during the year,
premiums charged or receivable thereon,
fire risks' terminated during the year,
marine and inland risks terminated,
fire risks outstanding at end of year,
marine and inland risks outstanding,
cash dividends declared during the year,
fire losses incurred during the year,
marine losses incurred during the year, .
$44,655,875
7,584,223
$189,374,868
$86,052,607
$76,340,743
5,774,696
7,031,375
664,267
,811,081
$39,723,570
3,862,024
5,318,931
790,661
555,223
15,095,216
6,693,866
2,02u,169
6,007,189
$80,066,849
$8,885,022,087
95,865,707
1,043,318,909
8,312,410
8,545,437,442
1,286,006,602
11,829,096,045
184,229,062
5,531,202
38,489,202
3,209,201
UNITED STATES BEANGHES OF
FOREIGN FIRE AND MARINE
INSURANCE COMPANIES
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements for the Year ending
December 31, 1896.
384
ATLAS ASSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
UNITED STATES BRANCH OF THE "ATLAS ASSURANCE
COMPANY," LONDON, ENGLAND.
Deposit Capital, $200,000.
J. M. NEUBURGER, General Manager.
Office, Chicago, III.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $300,000 00 $331,500 00
Boston city bonds, . . . . . 180,000 00 195,500 00
Fitchburg Railroad bonds, .... 20,000 00 20,500 00
Pennsylvania Railroad bonds, .... 25,000 00 29,625 00
N. Y . Central & Hudson River Railroad bonds, 25,000 00 25,000 00
Boston & Maine Railroad bonds, . . . 25,000 00 29,125 00
New York & Putnam Railroad bonds, . . ; 25,000 00 25,750 00
Louisville, Ky., city bonds, .... 50,000 00 52,750 00
St Louis, Mo., city bonds, .... 15,00000 15,90000
Massachusetts State highway loan, . . . 100,000 00 107,000 00
$765,000 00 $832,650 00
Summary of Assets Dec. 31, 1896.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$832,650 00
226 79
76,309 52
8,447 50
88,165 60
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$110,500 00
76,536 31
$1,005,799 41
187,036 31
Balance §818,763 10
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
$9,368 04
25,630 06
4,550 00
424,086 10
2,639 21
ATLAS ASSURANCE CO.
385
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ....
Surplus over capital,
$15,869 52
3,836 97
$485,479 90
27,333 95
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected, .....
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Gross cash income,
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, . .
Gross cash expenditures,
,725 24
75 61
$99,649 63
741,425 97
$841,075 60
88,165 60
$752,910 00
145,225 24
$300,152 84
9,025 50
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured, .
Net amount in force, .
$65,927,953 00
64,802,325 00
$180,730,278 00
57,093,497 00
$73,636,781 00
2,820,465 00
,145 95
,617 15
200,000 00
$160,617 15
$607,684 76
27,745 37
$635,430 13
$291,127 34
116,852 91
40,865 90
12,789 35
43,960 14
$505,595 64
Premiums.
$806,451 36
741,425 97
1,547,877 33
685,389 88
,487 45
34,901 59
$70,816,316 00 $827,585 86
Miscellaneous.
Fire losses incurred during the year,
$294,989 00
386
BRITISH AMERICA ASSURANCE CO.
UNITED STATES BRANCH OF THE « BRITISH AMERICA ASSUR-
ANCE COMPANY," TORONTO, CANADA.
Deposit Capital, $300,000.
FREDERICK B. CARPENTER, New England Manager.
Office, 92 Water Street, Boston.
Detailed Statement of Stocks
United States bonds, .
Georgia State bonds,
€ity of Richmond, Va., bonds,
City of Toledo, Ohio, bonds,
City of Columbus, Ohio, bonds
City of London, Canada, bonds
■City of Toronto, Canada, bonds,
City of Kingston, Canada, bonds,
City of Winnipeg, Canada, bonds,
<City of Brooklyn, N. Y , bonds,
City of Riverside, Cal., bonds,
City of Colorado Springs, Col., bonds,
New York & West Shore Railroad bonds,
Central Canada L. & S. Co.'s debentures,
Dominion of Canada stock,
Toronto Electric Light Company bonds, .
Chicago Electric Transit Company's bonds,
Rochester Electric Railway Company's bonds,
Freehold Loan and Savings stock, .
and Bonds.
Par Value.
^275,000 00
25,000 00
26,300 00
60,000 00
50,000 00
150,000 00
40,000 00
20,000 00
20,000 00
30,000 00
25,000 00
25,000 00
50,000 00
25,000 00
12,000 00
20,000 00
25,000 00
25,000 00
12,000 00
Market Value.
1305,250 00
28,750 00
25,774 00
63,670 00
53,750 00
155,493 00
40,804 00
22,360 00
22,240 00
30,900 00
27,180 00
26,250 00
52,375 00
25,000 00
12,540 00
20,000 00
27,937 50
27,062 50
12,000 00
15,300 00 |979,336 00
Summary of Assets Dec.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Gross assets
Unadmitted.
Special deposits in other States,
C!ash not in control of trustees,
31, 1896.
$979,336 00
2,666 51
10,914 77
190,545 49
8,248 93
$161,024 00
2,666 51
,191,711 70
163,690 51
Balance, . $1,028,021 19
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
,881 27
78,197 78
11,061 00
BRITISH AMERICA ASSURANCE CO.
387
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums, ....
Reinsurance, .....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital, .
$591,254 09
17,255 91
17,262 44
4,394 09
$739,306 58
68,547 38
$670,759 20
$357,261 99
300,000 00
$57,261 99
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
$171,573 59
1,228,715 42
H, 400,289 01
179,012 38
.1,221,276 63
259,543 43
$6,146 91
197,248 18
$203,395 09
19,782 04
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources,
Gross cash income, .....
$183,613 05
41,225 84
$961,733 20
142,387 21
38,145 62
.,142,266 03
Expenditures.
'Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, . -
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals, ....
Sent to home office, .
Gross cash expenditures, ....
,101 20
16,708 56
$244,833 44
69,982 55
$32,117 25
$568,392 64
174,850 89
232,185 39
25,766 09
28,431 52
92,098 09
1,121,724 62
388
BKITISH AND FOREIGN MARINE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total, .....
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,. . . . .
Deduct risks expired and terminated,
In force at end of year,
,115,844 00
78,207,301 00
$166,323,145 00
79,772,239 00
,550,906 00
3,420,649 00
Premiums.
11,131,456 91
1,228,715 42
52,360,172 33
1,208,924 42
.1,151,247 91
36,627 69
,130,257 00 81,114,620 22
$3,557,519 00
20,916,746 00
$24,474,265 00
22,000,986 00
$2,473,279 00
$42,388 40
197,248 18
$239,636 58
206,389 65
,246 93
Miscellaneous.
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
$542,261 00
160,827 00
UNITED STATES BRANCH OF THE "BRITISH AND FOREIGN
MARINE INSURANCE COMPANY (LIMITED)," LIVERPOOL
ENGLAND.
Deposit Capital, $300,000.
FRANK GAIR MACOMBER, New England Manager.
Detailed Statement of Stocks
Boston & Lowell Railroad bonds,
Fitchburg Railroad bonds,
Boston, Clinton, Fitch. & N. Bedford R.R
Providence & Worcester Railroad bonds
Boston & Maine Railroad bonds,
Old Colony Railroad bonds,
Eastern Railroad bonds, .
Brooklyn city bonds,
New York city water stock,
United States bonds,
City of Portland water bonds,
b'ds
and Bonds.
Par Value.
$100,000 00
80,000 00
2,000 00
50,000 00
1,000 00
49,000 00
22,840 00
42,000 00
58,000 00
235,000 00
9,000 00
Market Value.
$102,333 33
80,850 00
2,290 00
51,000 00
1,177 50
51,475 00
27,402 80
40,530 00
56,985 00
259,181 25
10,485 00
BRITISH AND FOREIGN MARINE INSURANCE CO.
389
Allegheny Valley Railroad bonds, .
Pennsylvania Railroad bonds, .
Chicago, Mil. & St. Paul Railroad bonds, .
Richmond city bonds, .
Summary of Assets Dec
Loans on mortgage of real estate (first liens),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in office and bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Reinsurance due,
Gross assets,
Par Value,
$100,000 00
39,000 00
75,000 00
50,000 00
Market Value.
|126,000 00
42,705 00
86,250 00
46,000 00
$912,840 00 $984,664 88
31, 1896.
$41,000 00
972 50
984,664 88
53,556 37
413,771 17
2,075 00
55,293 84
$1,551,333 76
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Bills receivable,
$190,113 75
53,556 37
2,075 00
245,745 12
Balance, $1,305,588 64
Liabilities.
Losses adjusted and reported, .
Losses disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Unused balances of premium notes, .
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ....
$250,023 09
29,618 00
$279,641 09
58,093 57
$221,547 52
456,668 79
371 22
15 61
4,462 43
28,688 86
82,832 45
58,093 57
$852,880 45
10,713 38
841,967 07
Surplus over capital, .
,621 57 x
300,000 00
$163,621 57
390
BRITISH AND FOREIGN MARINE INSURANCE CO.
Income.
Marine premiums outstanding Dec. 31, 1895, .
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all
Remitted from home office, ;
Gross cash income,
,776 84
14,250 66
$432,526 18
2,618,932 79
$3,051,458 97
435,241 12
$2,616,217 85
911,088 76
sources,
$485,950 46
.,705,129 0^
46,752 46
.,751,881 55
Expenditures.
Cash paid for marine and inland losses, . . $1,595,244 97
Deduct salvage and reinsurance, . . . 767,856 71
Net cash paid for marine and inland losses, ....
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes,
Remitted to home office, . . . . . $1,053,403 51
Gross cash expenditures,
$827,388 26
227,436 43
113,311 35
29,879 83
,198,015 87
Risks and Premiums.
Premiums.
Marine risks outstanding Dec. 31, 1895, . . $37,783,857 00 $512,764 75
Marine risks written during 1896, . . . 812,409,075 00 2,618,932 79
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$850,192,932 00 $3,131,697 54
. 804,896,683 00 2,675,028 75
$45,296,249 00 $456,668 79
15,586,351 00 197,227 86
,709,898 00 $259,440 93
Miscellaneous.
Marine and inland losses incurred during the year,
. $835,752 00
CALEDONIAN INSURANCE CO.
391
UNITED STATES BRANCH OF THE "CALEDONIAN INSURANCE
COMPANY, 11 EDINBURGH, SCOTLAND.
Deposit Capital, $200,000.
CHARLES H.POST j ^
N. A. McNEIL, J
' Office, Neio York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, . ' . . . . $300,000 00
New York City bonds, 32,5,000 00
Central Railroad of New Jersey bonds, . . 110,000 00
Baltimore & Ohio Railroad bonds, . . . 100,000 00
Penn. & New York Canal & Railroad bonds, . 100,000 00
New York, Chicago & St. Louis R R. bonds, . 60,000 00
Lehigh Valley Railroad bonds, . . . 50,000 00
Chicago, Burlington & Quincy R.R bonds, . 50,000 00
Allentown Terminal Railroad bonds, . . 50,000 00
Richmond & Petersburg Railroad bonds, . 50,000 00
St. Paul, Minneapolis & Manitoba R.R. bonds, 50,000 00
Lake Erie & Western Railroad bonds, . . 50,000 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 50,000 00
Phila., Wilmington & Baltimore R.R. bonds, . 50,000 00
St. Paul, Minneapolis & Manitoba R.R. bonds, 50,000 00
Long Island Railroad Company bonds, . . 50,000 00
Chicago, Rock Island & Pacific R.R. bonds, . 50,000 00
Portland, Oregon, water loan bonds, . . 50,000 00
State of Georgia bonds, 25,000 00
Lehigh Valley Coal Company bonds, . . 25,000 00
City of Richmond,.Va., bonds, . ' . . . 25,000 00
Jersey City bonds, . . \ ' -, . . ... 34,000 00
Fremont, Elkhorn & Missouri Valley R.R. b'ds, 15,000 00
Albany & Susquehanna Railroad bonds, . . 15,000 00
Market Value.
$331,500 0O
333,906 25
129,800 00-
100,000 00
95,000 00
62,100 00
57,000 00
44,000 00
50,000 00
50,000 00
44,000 00
58,750 00
59,000 00
51,000 00
52,500 00
42,500 00
52,250 00
57,125 00
25,000 00
23,500 00
25,000 00
39,840 00
19,200 00
18,750 00
$1,734,000 00 $1,821,721 2&
Summary op Assets Dec. 31, 1896.
Stocks and bonds, as per schedule, . . . $1,821,721 25
Cash in the office of the company, . . . 501 77
Cash deposited in bank, 91,376 30
Interest due and accrued, 20,083 96
Premiums in course of collection (gross), . 164,019 57
Reinsurance, 1,748 85
Prem ? s more than three mos. due, §1,732 25
Gross assets, $2,099,451 70
Special deposits in other States,
Cash not in control of trustees,
Unadmitted.
117,625 00
41,509 96
259,134 96
Balance, $1,840,316 74
392
CALEDONIAN INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance, etc.,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ....
$71,376 56
76,694 55
24,099 94
$172,171 05
5,172 53
$166,998 52
959,689 88
30,149 74
26,461 57
1,296 67
1,184,596 38
87,127 23
Surplus over capital,
$1,097,469 15
$742,847 59
200,000 00
$542,847 59
Income.
Fire premiums outstanding Dec. 31, 1895, . $112,295 65
Premiums on risks written or renewed, . . 1,582,141 53
Total, $1,694,437 18
Premiums now in course of collection, . . 165,751 82
Entire premiums collected, .... $1,528,685 36
Less reinsurance and return premiums, . . 297,986 81
Net cash fire premiums received,
Interest and dividends received from all sources, .
Gross cash income,
,230,698 55
65,953 57
. $1,296,652 12
Expenditures.
Cash paid for fire losses, $818,476 12
Deduct salvage and reinsurance, . . . 51,061 44
Net cash paid for fire losses, \
Cash paid for commissions and brokerage,
for salaries of officers and employees, .
for State and local taxes, ....
for incidentals,
to Niagara Fire Ins. Co. on acc't special contract,
Remitted to home office, $30,670 69
$767,414 68
249,232 38
74,000 53
46,776 78
66,996 17
10,000 00
Gross cash expenditures,
$1,214,420 54
COMMERCIAL UNION ASSURANCE CO. (LIMITED) . 393
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Risks and Premiums.
Premiums.
$216,657,651 00 $2,379,590 91
131,743,133 00 1,582,141 53
$348,400,784 00 $3,961,732 44
157,718,415 00 1,836,922 59
$190,682,369 00 $2,124,809 85
10,279,885 00 126,161 01
Net amount in force, . . . $180,402,484 00 $1,998,648 84
Miscellaneous.
Fire losses incurred during the year,
. $731,345 00
UNITED STATES BRANCH OF THE "COMMERCIAL UNION
ASSURANCE COMPANY (LIMITED)," LONDON, ENGLAND.
Deposit Capital, $200,000.
CHARLES SEWALL, Resident Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . • . . . . $425,000 00 $463,250 00
Akron & Chicago Junction Railroad bonds, . 30,000 00 30,000 00
Central of New Jersey Railroad bonds, . . 50,000 00 57,000 00
Chicago, Burlington & Quincy R.R. bonds, . 100,000 00 103,000 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 150,000 00 175,687 50
Chicago & Northwestern R R. bonds, . , 123,000 00 148,340 00
Chicago, Rock Island & Pacific R.R. bonds, . 60,000 00 76,500 00
Cleve., Cin., Chicago & St. Louis R.R. bonds, . 50,000 00 44,000 00
Indianapolis & Vincennes Railroad bonds, . 65,000 00 78,000 00
Lehigh Valley of New York Railroad bonds, . 50,000 00 50,000 00
Lehigh Valley Terminal Railroad bonds, . 50,000 00 54,500 00
Michigan Central Railroad bonds, . . . 40,000 00 43,200 00
Milwaukee, Lake Shore & Western R.R. bonds, 25,000 00 32,500 00
N. Y. Central & Hudson River R.R. bonds, . 30,000 00 34,800 00
New York, Lackawanna & Western R.R. b'ds, 50,000 00 66,500 00
Pitts., Fort Wayne & Chicago R.R. stock, . 15,000 00 24,000 00
Western Pennsylvania Railroad bonds, . . 50,000 00 50,500 00
West Shore Guaranteed Railroad bonds, . . 50,000 00 52,000 00
$1,413,000 00 $1,583,777 50
394 COMMEKCIAL UNION ASSURANCE CO. ( LIMITED).
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Rents due and accrued, ....
Reinsurance due, ....
Gross assets, . .
$918,303 03
1,583,777 50
307 80
504,753 59
22,795 81
361,489 52
16,861 35
7,645 94
1,775 80
1,417,710 34
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Bills receivable,
$245,250 00
72,922 69
16,861 35
335,034 04
Balance, $3,082,676 30'
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, . . < .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
$80,085 10
125,560 00
17,800 00
$223,445 10
309 00
$223,136 10
1,898,226 85
84,179 58
51,406 32
4,684 09
152 54
^2,261,785 48
150,130 19
2,111,655 29'
Surplus as regards policy holders,
Deposit capital,
. $971,021 01
200,000 00
Surplus over capital, .
. $771,021 01
COMMERCIAL UNION ASSURANCE CO. (LIMITED).
395
Income.
Fire premiums outstanding Dec. 31, 1895, . $413,938 17
Premiums on risks written or renewed, . . 2,946,894 28
Total, $3,360,832 45
Premiums now in course of collection, . . 360,218 23
Entire premiums collected, .... $3,000,614 22
Less reinsurance and return premiums, . . 570,582 43
Net cash fire premiums received, . . .
Marine premiums outstanding Dec. 31, 1895, . f 4,549 13
Premiums on risks written or renewed, . . 179,911 63
Total, $184,460 76
Premiums now in course of collection, . . 1,271 29
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash marine premiums received, . . -
Interest and dividends received from all sources,
Income from rents,
Deposits received for perpetual fire risks,
Gross cash income,
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, . —
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, ....
$183,189 47
19,186 49
,451 25
,345,373 03
35,589 92
$214,342 91
17,998 56
5,430,031 79'
164,002 98
70,198 00
31,722 78
!,695,955 55
,309,783 11
196,344 35
442,157 15
150,640 18
62,658 07
130,103 53
. $2,291,686 39
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total, . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$370,555,864 00
276,424,598 00
$646,980,462 00
278,138,586 00
$368,841,876 00
9,314,244 00
Premiums.
^3,961,252 95
2,946,894 28
^6,908,147 23
3,055,709 34
p3,852,437 89
83,544 20
1359,527,632 00 $3,768,893 69
396
HAMBURG-BREMEN FIRE INSURANCE CO.
Perpetual risks in force (not incl'd above),
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
-Lotalj «■•«••
Deduct risks expired and terminated,
In force at end of year, . ,
Deduct amount reinsured,
Net amount in force, .
Miscellaneous.
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
1,491,229 00
Premiums.
,532 87
$744,152 00 $19,631 06
35,187,178 00 179,911 63
$ 35,931, 330 00 $199,542 69
35,456,030 00 185,121 83
$475,300 00 $14,420 86
20,000 00 900 00
$455,300 00 $13,520 86
,257,626 00
181,344 00
UNITED STATES BRANCH OF THE "HAMBURG-BREMEN FIRE
INSURANCE COMPANY," HAMBURG, GERMANY.
Deposit Capital, $200,000.
F. O. AFFELD, Resident Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $100,000 00 $110,125 00
Georgia State bonds, 25,000 00 28,562 50
New York City water stock, .... 130,000 00 129,675 00
New York City schoolhouse bonds, . . . 100,000 00 99,500 00
Portland City, Oregon, bonds, . . . . 50,000 00 56,750 00
Providence City, R. I., bonds, .... 25,000 00 28,250 00
Richmond City, Va., bonds, .... 15,000 00 16,200 00
St. Louis City, Mo., bonds, .... 25,000 00 25,250 00
Atchison, Topeka & Santa Fe Railroad bonds, . 18,500 00 14,615 00
Beech Creek Railroad bonds, .... 20,00000 21,00000
Central Railroad of New Jersey bonds, . . 30,000 00 35,550 00
Central Ohio Railroad bonds, .... 25,000 00 24,500 00
Central Pacific Railroad bonds, . . . 20,000 00 20,700 00
Chicago, Burlington & Quincy R.R. bonds, . 20,000 00 23,650 00
Chicago, Milwaukee & St. Paul bonds, . . 30,000 00 34,425 00
Chicago & Northwestern Railroad bonds, . 25,000 00 34,875 00
Chicago, Rock Island & Pacific R.R. bonds, . 25,000 00 31,750 00
Cinc'nati, Ind'polis, St. Louis & Chic. R.R. b'ds, . 28,000 00 27,160 00
Denver & Rio Grande Railroad bonds, . . 25,000 00 22,562 50
East Tennessee/Virginia & Georgia R.R. bonds, 25,000 00 26,687 50
Edison Elec. Illuminating Co. of N. Y. bonds, . 20,000 00 21,800 00
HAMBURG-BREMEN FIRE INSURANCE CO.
397
Illinois Central Railroad bonds,
Kansas Pacific R. R. Trust Co. certificates,
Lake Erie & Western R.R. bonds, .
Long Island Railroad bonds, .
Louisville & Nashville Railroad bonds, .
New York, Chicago & St. Louis R.R. bonds,
New York, Lake Erie & Western R.R. bonds,
Northern Pacilic Railroad bonds,
Oregon Railway & Navigation Co. bonds,
Pennsylvania Co. bonds, ....
Pennsylvania Railroad bonds, .
Pittsburgh, Cin , Chic. & St. Louis R.R. bonds
St. Paul, Minneapolis & Manitoba R.R. bonds,
Scioto Valley & New England R.R. bonds,
Union Pacific R.R. Trust Co. certificates,
Wabash Railroad bonds, ....
Par Value.
$50,000 00
20,000 00
30,000 00
30,000 00
30,000 00
30,000 00
25,000 00
20,000 00
10,000 00
30,000 00
25,000 00
30,000 00
30,000 00
30,000 00
20,000 00
30,000 00
Market Value.
$50,000 00
19,000 00-
35,100 00
35,400 00
28,500 00.
31,050 00
34,750 00'
23,200 00
11,312 50
33,300 00
27,850 00
32,400 00
31,500 00
24,300 00
20,600 00
31,650 00
$1,221,500 00 $1,303,500 00
Summary of Assets Dec. 31, 1896.
Stocks and bonds, as per schedule, . . . $1,303,500 00
Cash deposited in bank, 60,982 07
Interest due and accrued, ..... 1,000 00
Premiums in course of collection (gross), . 123,870 37
Prem's more than three mos. due, $4,044 42
Gross assets,
#1,489,352 44
Unadmitted.
Special deposits in other States,
Bonds not in control of trustees,
Cash not in control of trustees,
,512 50
167,690 00
60,982 07
330,184 57
Balance, $1,159,167 87
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ....
Surplus over capital,
$10,585 00
40,415 00
13,085 00
798,010 68
23,580 62
5,676 30
61,847 08
823,829 22
$335,338 65
200,000 00
$135,338 65
398
HELVETIA SWISS FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1895, . $107,338 31
Premiums on risks written or renewed, . . 1,362,553 90
Total, . . . . . . . . fl,469,892 21
Premiums now in course of collection, . . 127,914 79
Entire premiums collected, . . . . $
Less reinsurance and return premiums, .
Net cash fire premiums received, . . . -
Interest and dividends received from all sources,
,341,977 42
246,628 57
11,095,348 85
60,418 45
Gross cash income, $1,155,767 30
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
116,705 19
15,152 62
LFire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured, < .
Net amount in force,
$129,419,867 00
109,880,058 00
$239,299,925 00
108,175,807 00
1,124,118 00
3,666,561 00
,552 57
208,337 99
93,774 62
26,824 82
67,932 21
$998,422 21
Premiums.
$1,623,408 59
1,362,553 90
$2,985,962 49
1,365,972 88
$1,619,989 61
40,832 46
$127,457,557 <>0 $1,579,157 15
Miscellaneous.
Fire losses incurred during the year,
.79,572 00
UNITED STATES BRANCH OF THE "HELVETIA SWISS FIRE
INSURANCE COMPANY," ST. GALL, SWITZERLAND.
Deposit Capital, $200,000.
WEED & KENNEDY, United States Managers.
Office, 29 Liberty Street, New York, N. Y,
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
"New York State canal bonds, .... $200,000 00 $200,000 00
United States bonds, 270,000 00 304,500 00
Lake Erie & Western Railroad bonds, . . 5,000 00 5,875 00
HELVETIA SWISS FIRE INSURANCE CO.
399
Milwaukee, Lake Shore & Western bonds,
St. Paul & Sioux City bonds, .
Evansville & Terre Haute bonds,
Long Island Railroad Company bonds,
Pacific Railroad of Missouri bonds, .
Denver & Rio Grande bonds, .
Central Ohio Railway Co. bonds,
Cleveland & Mahoning Valley bonds,
Lehigh Valley Railway Co. bonds, .
New York cit} T bonds,
Summary of Assets Dec.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank,
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
Par Value.
$5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
30,000 00
$550,000 00
31, 1896.
$593,287 50
205 90
64,881 56
3,087 50
61,422 65
Market Value-
$6,500 00
6,500 00
5,375 00
5,900 00
5,000 00
5,500 00
4,900 00
6,050 00
5,050 00
32,137 50
$593,287 50
Cash not in control of trustees,
Balance, . .
Unadmitted.
$722,885 11
2,209 55
$720,675 56
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
State and local taxes,
Commissions and brokerage, .
Return premiums,
Gross liabilities, except capital,
Surplus as regards policy holders,
Deposit capital,
$19,305 00
1,000 00
113,368 92
94 53
12,877 48
5,753 42
152,399 35
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1895, . $ 6,931 50
Premiums on risks written or renewed, . . 242,741 01
Total, $249,672 51
Premiums now in course of collection, . . 61,422 65
Entire premiums collected, . . . $188,249 86
Less reinsurance and return premiums, . . 27,906 86
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Gross cash income,
,276 21
200,000 00
,276 21
$160,343 00
9,458 18
,801 18
400
THE IMPERIAL INSURANCE CO. (LIMITED).
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$48,591 67
493 04
$48,098 63
39,309 35
1,625 90
2,600 86
$91,634 74
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, . .
Miscellaneous
Fire losses incurred during the year,
$5,816,982 00
23,845,307 00
$29,662,289 00
8,580,160 00
$21,082,129 00
217,175 00
Premiums!
$64,876 06
242,741 01
7,617 07
84,745 90
$222,871 17
1,987 76
$20,864,954 00 $220,883 41
$64,832 00
UNITED STATES BRANCH OF "THE IMPERIAL INSURANCE
COMPANY (LIMITED)," LONDON, ENGLAND.
Deposit Capital, $200,000.
J. J. COURTNEY, Attorney.
Office, 33 Pine Street, New York, N. Y.
Detailed Statement of Stocks
United States bonds, .
New York City bonds,
City of Boston bonds,
City of Providence bonds,
West Shore Railroad bonds,
Lehigh Valley Railroad bonds,
West Virginia State certificates,
County of Essex, N. J., park bonds,
Hudson County, N. J., bonds, .
and Bonds.
Par Value.
$481,000 00
110,000 00
100,000 00
50,000 00
100,000 00
40,000 00
28,666 67
100,000 00
50,000 00
Market Value.
$529,701 25
108,650 00
102,937 50
51,270 83
107,000 00
40,800 00
1,720 00
102,520 83
55,625 00
$1,059,666 67 $1,100,225 41
THE IMPERIAL INSURANCE CO. (LIMITED).
401
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Rent due and accrued, ....
Prem's more than 3 mos. due, . $±,021 09
Gross assets,
Special deposits in other States,
Cash not in control, .
Bills receivable,
Unadmitted.
$476,634 70
1,100,225 41
400 00
89,081 06
156,144 58
2,444 00
2,757 50
$269,806 25
89,481 06
2,444 00
$1,827,687 25-
361,731 31
Balance, $1,465,955 94
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, .
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, ..
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ....
Surplus over capital,
Income
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from rents, ....
Gross cash income,
$20,365 16
44,420 60
6,860 00
$71,645 76
3,874 03
',771 73
803,727 96
11,397 67
197 63
3,094 99
76,288 77
806,806 22
,149 72
200,000 00
,149 72
$195,441 80
1,352,471 14
$1,547,912 94
160,165 67
$1,387,747 27
282,678 82
$1,105,068 45
40,468 30
34,403 97
$1,179,940 72
402
THE LANCASHIRE INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance, . .
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
$673,823 99
48,398 33
for salaries of officers and employees, .
for State and local taxes,
for incidentals, ......
Gross cash expenditures, .
5,425 66
209,730 30
98,145 46
30,692 96
60,248 24
1,024,242 62
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1895, . f 174,004,469 00 $1,855,378 10
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
111,560,363 00 1,352,471 14
$285,564,832 00 $3,207,849 24
126,274,513 00 1,487,635 75
$159,290,319 00 $1,720,213 49
11,584,338 00 102,946 71
$147,705,981 00 $1,617,266 78
Miscellaneous.
Fire losses incurred during the year,
. $615,392 00
UNITED STATES BRANCH OF "THE LANCASHIRE INSURANCE
COMPANY;' MANCHESTER, ENGLAND.
Deposit Capital, $200,000.
E. LITCHFIELD, Resident Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds $600,000 00
Albany & Susquehanna Railroad bonds, . . 15,000 00
Atchison, Topeka & Santa Fe Railroad bonds, 52,000 00
Baltimore & Ohio Railroad bonds, . . . 75,000 00
Brooklyn & Montauk Railroad bonds, . . 30,000 00
Chicago, Burlington & Quincy Railroad, . . 35,000 00
Chicago, Milwaukee & St. Paul Railroad, . 45,000 00
Market Value.
5,375 00
17,550 00
34,792 50
79,375 00
31,800 00
33,600 00
51,300 00
THE LANCASHIRE INSURANCE CO.
403
•Chicago & Northwestern bonds,
Chicago, Rock Island & Pacific Railroad bonds
Cleve., Cin., Chic. & St. Louis R.R. bonds,
Chicago, St. Louis & New Orleans R.R. bonds
City of Portland, Oregon, water bonds, .
Detroit, Monroe & Toledo Railroad bonds,
Illinois Central Railroad bonds,
Michigan Central Railroad,
Milwaukee & St. Paul Railroad Company,
N. Y. Central & Hudson River R.R. bonds,
New York, Lack. & Western Railroad bonds,
Northern Central Railroad bonds, .
North Pennsylvania Railroad bonds,
Ottumwa, Cedar Falls & St. Paul R.R. bonds
Philadelphia & Erie Railroad bonds,
Pennsylvania Railroad Company,
Rome, Watertown & Ogdensburg R.R. bonds
Syracuse, Binghamton & N. Y. R.R. bonds,
State of Georgia bonds, ....
St. Paul & Northern Pacific Railroad bonds,
St. Paul, Minneapolis & Manitoba R.R. bonds
Western Pennsylvania Railroad bonds, .
County of Essex, N. J., park bonds,
Par Value.
$40,000 00
20,000 00
50,000 00
50,000 00
50,000 00
19,000 00
30,000 00
15,000 00
10,000 00
10,000 00
15,000 00
13,000 00
10,000 00
20,000 00
18,000 00
30,000 00
25,000 00
22,000 00
25,000 00
22,000 00
50,000 00
10,000 00
25,000 00
Market Value.
$ 40,050 00
25,400 00
45,250 00
51,300 00
56,500 00
23,750 00
30,800 00
17,850 00
12,825 00
11,500 00
19,950 00
14,690 00
12,200 00
21,800 00
23,580 00
34,300 00
29,250 00
27,500 00
25,000 00
27,280 00
48,125 00
10,100 00
25,500 00
$1,431,000 00 $1,538,292 50
Summary of Assets Dec
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets, . . . . .
31, 1896.
>,585 72
1,538,292 50
1,117 52
113,748 36
269,507 43
1,308,251 53
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$247,250 00
57,833 81
305,083 81
Balance, $2,003,167 72
Liabilities.
Losses adjusted, unpaid, $75,777 75
claimed and reported, .... 83,686 49
disputed or resisted, .... 27,793 45
Unearned premiums on outstanding risks, . 1,29G,904 24
Reclaimable on perpetual fire policies, . , 2,234 40
State and local taxes, . ... . . 5,000 00
404
THE LANCASHIRE INSURANCE CO.
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ....
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
$40,000 00
1,675 41
.1,533,071 74
105,764 66
$244,436 33
2,440,552 06
!,684,988 39
269,507 43
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from rents,
$2,415,480 96
542,490 98
Deposits received for perpetual fire risks,
Gross cash income, . .
Expenditures.
Cash paid for fire losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
!,234 40
1,427,307 08
$575,860 64
200,000 00
$375,860 64
l,872,989 98
66,922 65
8,721 33
$1,948,633 96
.,045,713 21
323,077 43
178,570 95
45,289 00
148,155 82
;,740,806 41
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Perpetual risks in force (not inclM above) ,
Miscellaneous.
Fire losses incurred during the year,
$230,427,614 00
214,975,643 00
$445,403,257 00
205,250,464 00
$240,152,793 00
20,531,480 00
$219,621,313 00
5,100 00
Premiums.
£2,620,467 55
2,440,552 06
^5,061,019 61
2,371,458 23
12,689,561 38
176,743 97
12,512,817 41
$2,352 00
f 1,003,968 00
LION FIRE INSURANCE CO.
405
UNITED STATES BRANCH OF THE "LION FIRE INSURANCE
COMPANY/' LONDON, ENGLAND.
Deposit Capital, $200,000.
M. BENNETT, Business Manager.
Office, Hartford, Conn.
Detailed Statement of Stocks
United States bonds,
City of Brooklyn bonds, ....
City of Richmond bonds, ....
Georgia State bonds, ....
Central Railroad of New Jersey bonds, .
County of Lucas, Ohio, court house bonds,
Baltimore & Ohio bonds, ....
Staten Island Railway bonds, .
and Bonds.
Par Value.
$50,000 00
210,000 00
17,000 00
25,000 00
25,000 00
100,000 00
25,000 00
16,000 00
Market Value.
|55,062 50
214,200 00
17,000 00
25,000 00
28,625 00
101,000 00
25,000 00
16,400 00
$468,000 00 |482,287 50
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $4,500 00
Loans on mortgage of real estate (first liens *), 192,100 00
Interest due or accrued thereon, . . . 4,373 45
Stocks and bonds, as per schedule, . . . 482,287 50
Cash in the office of the company, . . . 331 00
Cash deposited in bank, 136,129 87
Interest due and accrued, 6,227 08
Premiums in course of collection (gross), . 59,848 19
Prem's more than three mos. due, . $285 16
Gross assets,
|885,797 09
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
f 198,062 50
1,460 87
199,523 37
Balance, $686,273 72
Liabilities.
Losses adjusted, unpaid, $17,453 82
claimed and reported, .... 28,611 85
disputed or resisted, . . . . 4,717 90
Unearned premiums on outstanding risks, . 384,914 82
* Value of lands mortgaged $146,865 00
Value of buildings thereon, ....... 284,585 00
Amount of insurance held as collateral, .... 243,300 00
406
LION FIRE INSURANCE CO.
811,017 79
183 80
$446,899 98
47,907 23
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1895, . $63,959 51
Premiums on risks written or renewed, . . 729,619 75
Total, $793,579 26
Premiums now in course of collection, . . 60,133 35
Entire premiums collected, . . . . $733,445 91
Less reinsurance and return premiums, . . 181,886 97
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
,992 75
$287,280 97
200,000 00
,280 97
$551,558 94
9,312 71
18,643 53
$579,515 18
Expenditures.
Cash paid for fire losses, . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
$360,304 58
29,853 65
f330,450 93
109,445 17
38,629 63
15,049 55
42,697 37
$536,272 65
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$65,331,964 00 $808,515 72
56,753,022 00 729,619 75
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
$122,084,986 00 $1,538,135 47
54,712,877 00 695,526 56
,372,109 00 $842,608 91
5,571,361 00 82,385 08
Net amount in force, .
Miscellaneous.
Fire losses incurred during the year,
11,800,748 00 $760,223 83
$320,069 00
LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 407
UNITED STATES BRANCH OF THE "LIVERPOOL AND LONDON
AND GLOBE INSURANCE COMPANY," LIVERPOOL, ENGLAND.
Deposit Capital, $200,000.
HENRY W. EATON, Resident Manager.
Office, Neiv York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, f 1,575,000 00 $1,843,200 00
New York city bonds, . . . . . 100,000 00 107,375 00
Richmond city bonds, 5,000 00 6,450 00
Boston city bonds, 180,000 00 205,650 00
$1,860,000 00 $2,162,675 00
Summary of Assets Dec. 31, 1896
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued,
Premiums in course of collection (gross)
Loans on life policies,
Rents accrued,
Other assets, . . .
Prem's more than three mos. due, $55,745 45
Gross assets,
Special deposits in other States,
Real estate, ....
Cash not in control of trustees,
Loans on life policies,
Miscellaneous, ....
Unadmitted.
H ,730,000 00
3,575,718 64
45,522 62
2,162,675 00
7,402 20
838,699 32
475 64
948,702 43
14,589 61
10,000 00
5,759 87
$264,000 00
-597,000 00
87,677 32
14,589 61
. 5,759 87
1,339,545 33
969,026 80
Balance, $8,370,518 53
Liabilities.
Losses adjusted, unpaid,
claimed and reported, .
disputed or resisted, . .
$1,418 91
727,827 25
142,755 00
Total amount of losses,
Less reinsurance,
$872,001 16
355,293 25
Net amount of unpaid losses, . . .
$516,707 91
408 LIVEKPOOL AND LONDON AND GLOBE INSURANCE CO.
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Liabilities under life department,
Return premiums,
Commissions and brokerage,
Reinsurance,
Reinsurance disallowed, .
Contingent reserve, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Deposit capital, ....
5,928,272 69
330,613 90
106,907 48
67,689 00
154,012 93
91,881 09
28,377 46
50,000 00
i,274,462 46
197,363 61
Surplus over capital, .
>,077,098 85
!,293,419 68
200,000 00
1,093,419 68
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ......
Deposits received for perpetual fire risks,
Gross cash income, .
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, .
Deposits returned on perpetual fire risks,
Gross cash expenditures, .
,267 43
4,410 59
$889,856 84
7,080,467 91
$7,970,324 75
992,767 29
$6,977,557 46
1,606,870 93
sources, .
$9,027 96
1,272,398 60
410,081 36
1,370,686 53
151,969 19
107,000 96
57,058 29
>,686,714 97
$2,862,317 24
935,376 99
320,629 88
114,840 19
325,199 26
$10,797 73
. $4,558,363 56
LONDON ASSURANCE CORPORATION.
409
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, ....
Perpetual risks in force (not incM above),
Risks and Premiums.
Premiums.
$902,503,856 00 $8,460,507 12
725,575,302 00 7,080,467 91
$1,628,079,158 00 $15,541,035 03
712,472,269 00 7,317,598 24
115,606,889 00 $8,223,436 79
76,786,345 00 588,828 09
,820,544 00 $7,634,608 70
,268,250 00 $348,014 63
Miscellaneous.
Fire losses incurred during the vear,
1,745,442 00
UNITED STATES BRANCH OF THE "LONDON ASSURANCE
CORPORATION," LONDON.
[FIRE BRANCH.]
Deposit Capital, $200,000.
dHAS. L. CASE, Resident Manager.
Office, New York.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . . . . . $661,000 00 $731,026 25
Baltimore Belt Railroad bonds, . . . 16,000 00 14,720 00
Central Railroad of New Jersey bonds, . . 40,000 00 47,200 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 50,000 00 56,437 50
Milwaukee & St. Paul Railroad bonds, . . 50,000 00 64,250 00
Chicago, St. Louis & New Orleans R.R. loan, . 8,000 00 9,400. 00
Colorado Midland Railway Co. bonds, . . 35,000 00 24,325 00
Denver & Rio Grande bonds, .... 30,000 00 27,075 00
Erie Railway bonds, 50,000 00 69,000 00
Lehigh Valley Railway Co. bonds, . . . 30,000 00 30,600 00
Long Island Railroad bonds, .... 45,000 00 53,100 00
Louisville & Nashville Railroad bonds, . . 25,000 00 29,500 00
Milwaukee, Lake Shore & Western R.R. bonds, 25,000 00 32,500 00
Philadelphia & Reading Railroad bonds, . 15,000 00 12,262 50
Pitts., Cinn., Chicago & St. Louis bonds, . . 25,000 00 27,000 00
St. Paul, Minneapolis & Manitoba R.R. bonds, 55,000 00 66,650 00
410
LONDON ASSURANCE CORPORATION.
Scioto Valley & New England R.R. bonds,
City of Richmond (Va.) bonds,
Carthage, Watert'wn & Sacketts Har. R.R. b'ds,
United States Mortgage & Trust Co. bonds, .
Par Value.
$30,000 00
50,000 00
33,000 00
35,000 00
Market Value.
$24,300 oa
50,000 00
33,660 00
35,000 00
$1,308,000 00 $1,438,006 25
Summary of Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *),
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
in hands of agent, ....
deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
$28,000 00
1,438,006 25
2,044 78
309 95
99,435 47
132.522 53
.,700,318 98
Unadmitted.
Special deposits in other States,
Real estate mortgages,
Cash not in control of trustees,
Balance, .
$245,471 87
28,000 00
7,038 21
280,510 08
$1,419,808 90
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital, .
$14,244 33
40,662 50
11,275 00
,181 83
5,672 53
),509 30
771,219 13
174 80
22,379 03
1,688 28
$855,970 54
53,570 50
802,400 04
$617,408 86
200,000 00
$417,408 86
* Total value of property mortgaged,
Amount of insurance held as collateral,
$56,000 00
30,000 00
LONDON ASSURANCE CORPORATION.
411
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
$916,748 59
675 00
Interest and dividends received from all other sources, . . 55,671 19
$127,242 84
1,121,422 87
fl,248,665 71
132,522 53
$1,116,143 18
199,394 59
Gross cash income, .
f 973,094 78
Expenditures.
Cash paid for fire losses, $460,820 13
Deduct salvage and reinsurance, . . . 36,034 34
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage, . . ...
for salaries of officers and employees, .
for State and local taxes,
for incidentals,
Gross cash expenditures,
$424,785 79
174,193 26
76,576 95
23,714 14
59,493 21
$758,763 35
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Risks and Premiums.
Premiums.
$174,697,160 00 $1,576,019 39
126,287,151 00 1,121,422 87
$300,984,311 00 $2,697,442 26
118,024,536 00 1,094,591 04
$182,959,775 00 $1,602,851 22
11,692,075 00 75,603 24
Net amount in force, . . . . $171,267,700 00 $1,527,247 98
Perpetual risks in force (included above), $11,200 00 $184 00
Miscellaneous.
Fire losses incurred during the year,
. $402,400 00
412
LONDON ASSURANCE CORPORATION.
UNITED STATES BRANCH OF THE "LONDON ASSURANCE
CORPORATION," LONDON.
[MARINE BRANCH.]
Deposit Capital, $300,000.
WM. W. TRAVELL, Attorney.
Office, New York, N. Y.
Detailed Statement of Stocks
New York city water stock, . . .
Boston city bonds,
Brooklyn city bonds,
New York city bonds,
Cleveland, Cincinnati, Chicago & St. Louis b'ds,
Chicago & Erie Railroad bonds,
Chesapeake & Ohio Railroad bonds,
and Bonds.
Par Value.
$100,000 00
100,000 00
100,000 00
10,000 00
50,000 00
50,000 00
50,000 00
Market Value.
198,750 00
102,000 00
94,000 00
9,850 00
44,250 00
55,000 00
54,000 00
$460,000 00 $457,850 00
Summary of Assets Dec. 31, 1896.
Stocks and bonds, as per schedule, . . . $457,850 00
Cash in the office of the company, . . . 186 33
Cash deposited in bank, 71,308 49
Interest due and accrued, 5,889 '59
Premiums in course of collection (gross), . 87,959 02
Notes taken for marine and inland risks, . . 19,264 55
Reinsurance due, ...... 13,882 02
Gross assets,
Unadmitted.
Cash not in control of trustees, .... $186 33
Premiums in excess of unearned, . . . 75,382 61
$656,340 00
75,568 94
Balance, $580,771 06
Total amount of losses,
Less reinsurance,
Liabilities.
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital,
$102,418 26
12,590 70
,827 56
31,840 96
5,385 01
5,061 94
11,214 29
143,329 76
$437,441 30
300,000 00
$137,441 30
LONDON ASSURANCE CORPORATION.
413
Income.
Marine premiums outstanding Dec. 31, 1895, . $120,267 21
Premiums on risks written or renewed, . . 452,802 34
Total, $573,069 55
Premiums now in course of collection, . . 107,223 57
Entire premiums collected, .... f 465,845 98
Less reinsurance and return premiums, . . 115,090 47
Net cash marine premiums received, . .
Interest and dividends received from all sources, .
Gross cash income, .
- $350,755 51
17,995 62
. $368,751 13
Expenditures.
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, . . . .
Remitted to home office,
$304,334 56
58,862 02
$245,472 54
34,958 30
13,614 77
9,020 40
22,340 60
,405 40
Gross cash expenditures, .
. $325,406 61
Risks and Premiums.
Marine risks outstanding Dec. 31, 1895, . . $4,230,098 00
Marine risks written. during 1896, . . . 98,478,853 00
Total, ......
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Premiums.
$92,170 85.
452,802 34
$102,708,951 00 $544,973 19
. 99,495,432 00 508,096 69
1,213,519 00
365,644 00
$2,847,875 '00
$36,876 50
5,035 54
$31,840 96
Miscellaneous.
Marine and inland losses incurred during the year,
$228,450 00
414
LONDON AND LANCASHIRE FIRE INSURANCE CO.
UNITED STATES BRANCH OF THE " LONDON AND LANCASHIRE
FIRE INSURANCE COMPANY," LIVERPOOL, ENGLAND.
Deposit Capital, $200,000.
ARCHIBALD O-. McILWAINE, Jr., Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
New York City bonds $120,000 00 0120,600 00
United States registered bonds, . . . 322,500 00 382,262 00
City of Richmond bonds, 50,000 00 50,000 00
Baltimore & Ohio Railroad bonds, . . . 100,000 00 100,000 00
Baltimore Belt Railroad bonds, . . . 25,000 00 22,813 00
Chesapeake & Ohio Railroad bonds, . . 50,000 00 53,500 00
Cincinnati, Dayton & Ironton bonds, . . 20,000 00 21,000 00
Beech Creek Railroad bonds, . . . . . 27,000 00 28,350 00
Flint & Pere Marquette bonds, . . . 25,000 00 20,813 00
Chicago & Northwestern Railroad bonds, . 100,000 00 115,500 00
Chicago, Rock Island & Pacific R.R. bonds, . 90,000 00 117,450 00
Central Railroad of New Jersey bonds, . . 65,000 00 75,237 00
Gin., Ind., St. Louis & Chicago R.R. bonds, . 100,000 00 96,000 00
Delaware & Hudson Railroad Company bonds, 25,000 00 36,000 00
Lake Shore & Michigan Southern R.R. bonds, 92,000 00 102,810 00
New York Central & Hndson River R.R. bonds, 75,000 00 89,812 00
New York & Harlem River Railroad bonds, . 50,000 00 55,625 00
New York, Chicago & St. Louis R.R. bonds, . 50,000 00 51,500 00
New York, Ontario & Western bonds, . . 20,000 00 21,500 00
St. Paul, Minneapolis & Manitoba bonds, . 50,000 00 51,125 00
Chicago, Mil. & St. Paul Railroad bonds, . 20,000 00 22,450 00
Central Ohio Railroad bonds, .... 50,000 00 49,000 00
State of Georgia bonds, ...... 25,000 00 29,450 00
Milwaukee Underwriters' Association stock, . 83 00 83 00
West Shore Railroad Company bonds, . . 80,000 00 84,400 00
Lake Erie & Western Railroad bonds, . . 50,000 00 58,750 00
Lehigh Valley Railroad bonds, . . . 25,000 00 25,000 00
Milwaukee, Lake Shore & Western bonds, . 50,000 00 56,000 00
$1,756,583 00 $1,937,030 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
$299,125 00
1,937,030 00
25,851 54
157,017 55
500 00
292,486 21
LONDON AND LANCASHIRE FIRE INSURANCE CO.
415
Notes taken for fire risks,
Rents due and accrued,
Reinsurance, ....
Preirfs more than three mos. due,
Gross assets,
$11,542 41
$7,400 73
7,091 57
111 14
1,726,613 74
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$259,262 00
182,869" 09
442,131 09
Balance $2,284,482 65
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding
Commissions and brokerage, .
Return premiums, reinsurance, etc.,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Deposit capital,
Surplus over capital, .
risks
$37,464 66
58,197 00
41,045 40
$136,707 06
7,465 00
$129,242 06
1,477,471 93
50,826 59
46,810 75
39,086 88
$1,743,438 21
114,224 94
1,629,213 27
$655,269 38
200,000 00
$455,269 38
Income.
Fire premiums outstanding Dec. 31, 1895, . $319,625 30
Same not collected, 216 31
Net collected, $319,408 99
Premiums on risks written or renewed, . . 2,306,102 99
Total, $2,625,511 98
Premiums now in course of collection, . . 311,429 35
Entire premiums collected, . . . . $2,314,082 63
Less reinsurance and return premiums, . . 563,586 32
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from rents,
Gross cash income,
$1,750,496 31
88,349 90
6,629 63
$1,845,475 84
416 MAGDEBURG FIRE INSURANCE CO.
Expenditures.
Cash paid for fire losses, $994,273 64
Deduct salvage and reinsurance, . . . 143,346 58
Net cash paid for fire losses, .... $850,927 06
Cash paid for commissions and brokerage, .... 337,826 29
for salaries of officers and employees, . . . 138,241 97
for State and local taxes, 43,460 80
for incidentals, 107,397 02
Gross cash expenditures, SI, 477,853 14
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$381,257,498 00 $3,109,679 38
275,483,530 00 2,306,102 99
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$656,741,028 00 $5,415,782 37
264,598,239 00 2,311,691 92
$392,142,789 00 $3,104,090 45
21,227,847 00 214,088 72
$370,914,942 00 $2,890,001 73
Miscellaneous.
Fire losses incurred during the year, $845,267 00
UNITED STATES BRANCH OF THE "MAGDEBURG FIRE INSUR-
ANCE COMPANY, 1 ' MAGDEBURG, GERMANY.
DErosiT Capital, $200,000.
P. E. RASOR, Manager.
Kce, Hartford, Conn.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $550,000 00 $606,375 00
Summary of Assets Dec. 31, 1896.
Stocks and bonds, as per schedule, . . . $606,375 00
Cash in the office of the company, . . . 21,395 79
Cash deposited in bank, 16,696 38
Interest due and accrued, 500 00
Premiums in course of collection (gross), . 42,918 86
Gross assets, f 687,886 03
MAGDEBURG FIRE INSURANCE CO.
417
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$55,125 00
38,092 17
$93,217 17
Balance, $594,068 86
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital,
$2,425 00
5,416 75
77,963 22
4,000 00
4,749 35
190 00
,744 32
5,185 14
1,559 18
$505,109 68
200,000 00
$305,109 68
Income.
Fire premiums outstanding Dec. 31, 1895, . $18,220 65
Premiums on risks written or renewed, . . 135,046 73
Total, $153,267 38
Premiums now in course of collection, . . 42,918 86
Entire premiums collected, . . . $110,348 52
Less reinsurance and return premiums, . . 22,022 06
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Remittance from home office, .... $37,139 49
$88,326 46
15,000 00
Gross cash income, $103,326 46
Expenditures.
Cash paid for fire losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Remittance to home office, ....
Gross cash expenditures, . . . .
$2,038 90
,708 20
29,072 52
4,252 15
2,751 05
10,150 62
$112,934 54
418
MANCHESTER FIRE ASSURANCE CO.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$13,839,813 00 $157,904 70
11,373,045 00 135,046 73
Total, .....
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Miscellaneous
Fire losses incurred during the year,
£25,2 12,858 00 $292,951 43
12,334,738 00 135,159 09
$12,878,120 00 $157,792 34
357,135 00 4,377 40
$12,520,985 00 $153,414 94
$45,905 00
UNITED STATES BRANCH OF THE "MANCHESTER FIRE AS-
SURANCE COMPANY," MANCHESTER, ENGLAND.
Deposit Capital, $200,000.
GEO. W. WENSLEY, Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . . . . . . $427,000 00 $476,105 00
City of New York stock, 200,000 00 202,000 00
Portland, Oregon, water bonds, . . . 50,000 00 57,125 00
City of Brooklyn bonds, . . . . . 200,000 00 200,000 00
City of Newark water bonds, .... 50,000 00 54,000 00
District of Columbia bonds, . . . . 2(T,000 00 21,600 00
Atchison, Topeka& Santa Fe Railroad bonds, . 18,500 00 12,155 00
Atlanta & Charlotte Air Line Railroad bonds, . 14,000 00 16,520 00
Baltimore & Ohio Railroad bonds, . . . 79,000 v CO 74,250 00
Beech Creek Railroad bonds, .... 75,000 00 79,125 00
Burlington, Cedar Rap's & Northern R.R. b'ds, . 40,000 00 41,000 00
Central Railroad of New Jersey bonds, . . 55,000 00 64,900 00
Chesapeake & Ohio Railroad bonds, . . 25,000 00 27,000 00
Chicago & Eastern Illinois Railroad bonds, . 27,000 00 33,210 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 51,000 00 58,522 50
Chicago, St Louis & New Orleans R.R. bonds, 25,000 00 29,750 00
Chicago & Western Indiana R.R. bonds, . 80,000 00 93,600 00
Cincinnati, Indiana, St. Louis & Chic. R R. b'ds, 10,000 00 9,700 00
Illinois Central Railroad bonds, . . . 16,000 00 17,120 00
Knoxville & Ohio Railroad bonds, . . . 15,000 00 17,137 50
Lake Erie & Western Railroad bonds, . . 13,000 00 15,275 00
Lehigh Valley Railroad bonds, . . . 25,000 00 25,500 00
MANCHESTER FIRE ASSURANCE CO.
41<)
Northern Pacific Railroad bonds,
Pennsylvania Railroad bonds, .
St Paul, Minneapolis & Manitoba R.R. bonds,
West Shore Railroad bonds,
Wheeling & Lake Erie Railroad bonds, .
Par Value.
$14,000 00
75,000 00
25,000 00
25,000 00
30,000 00
Market Value.
$16,100 00
81,250 00
26,000 00
26,500 00
27,000 00
fl,684,500 00 §1,802,445 00
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Reinsurance due,
Gross assets,
31, 1896.
$1,802,445 00
6,520 29
87,081 52
273,754 25
3,353 20
1,173,154 26
Unadmitted
Special deposits in other States,
Cash not in control of trustees,
$252,250 00
93,601 81
345,851 81
Balance, $1,827,302 45
Liabilities
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Due to special agents,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
$51,623 88
60,214 05
59,044 05
$170,881 98
16,117 94
$154,764 04
1,076,225 56
47,752 43
1,228 39
4,389 08
11,284,359 50
87,909 22
1,196,450 28
Surplus as regards policy holders,
Deposit capital, ....
. $630,852 17
200,000 00
Surplus over capital,
$430,852 17
420 MANCHESTER FIRE ASSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1895, . $297,072 00
Premiums on risks written or renewed, . . 1,858,547 58
Total, $2,155,619 58
Premiums now in course of collection, . . 273,754 25
Entire premiums collected, .... $1,881,865 33
Less reinsurance and return premiums, . . 497,051 15
Net cash fire premiums received, . . . $1,384,814 18
Interest and dividends received from all sources, . . . 65,836 30
Gross cash income, . $1,450,650 48
Expenditures.
Cash paid for fire losses, $965,761 18
Deduct salvage and reinsurance, . . . 88,092 05
Net cash paid for fire losses, .... $877,669 13
Cash paid for commissions and brokerage, .... 266,704 74
for salaries of officers and employees, . . . 98,557 61
for State and local taxes, 43,533 34
for incidentals, . 102,108 75
Remitted to home office, ..... $55,974 44
Gross cash expenditures, ....... $1,388,573 57
Risks and Premiums,
Premiums.
Fire risks outstanding Dec. 31, 1895, . $194,171,234 49 $2,475,096 93
Fire risks written during 1896, . . 152,411,747 09 1,858,547 58
Total, $346,582,981 58 $4,333,644 51
Deduct risks expired and terminated, . 155,547,031 91 2,004,268 28
In force at end of year, .... $191,035,949 67 $2,329,376 23
Deduct amount reinsured, . . . 10,953,935 19 160,351 90
Net amount in force, . . . . $180,082,014 48 $2,169,024 33
Miscellaneous.
Fire losses incurred during the year, $827,699 00
MANNHEIM INSURANCE CO.
421
UNITED STATES BRANCH OF THE "MANNHErM INSURANCE
COMPANY," MANNHEIM, GERMANY.
Deposit Capital, $300,000.
JAS. JOHNSTONE RILEY, Resident Manager.
Office, New York City.
Detailed Statement of Stocks and Bonds.
United States bonds, .
New York City stock,
Par Value. Market Value.
,000 00 $110,500 00
250,000 00 250,000 00
1350,000 00 $360,500 00
Summary of Assets Dec. 31, 1896.
Stocks and bonds, as per schedule, . . . $360,500 00
Cash in the office of the company, . . . 208 90
Cash deposited in bank, 4,115 09
Premiums in course of collection (gross), . 32,390 08
Notes taken for marine and inland risks, . 2,839 37
Gross assets, ......
,053 44
Unadmitted.
Cash not in control of trustees,
4,323 99
Balance, $395,729 45
Liabilities.
Losses claimed and reported, .
Losses resisted,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Deposit capital,
$31,678 50
6,000
00
43,472
65
480
45
896
68
372
13
82,900 41
$312,829 04
300,000 00
Surplus over capital,
.2,829 04
422
MARINE INSURANCE CO. (LIMITED).
Income.
Marine premiums outstanding Dee. 31, 1895, .
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash marine premiums received,
Received from home office, . $21,531 65
,145 75
361 10
$36,784 65
235,336 50
$272,121 15
35,229 45
$236,891 70
23,991 06
$212,900 64
Gross cash income, $212,900 64
Expenditures.
Cash paid for marine and inland losses, . . $213,531 37
Deduct salvage and reinsurance, . . . 15,446 44
Net cash paid for marine and inland losses,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, ....
Risks and Premiums.
Marine risks outstanding Dec. 31, 1895, . . $2,231,156 00
Marine risks written during 1896, . . . 52,254,735 00
$198,084 93
16,141 96
12,546 00
4,744 00
8,278 20
$239,795 09
Premiums.
$69,002 49
235,336 50
Total, . . . .
Deduct risks expired and terminated,
In force at end of year,
.$54,485,891 00
. 52,606,761 00
$1,879,130 00
$304,338 99
238,783 04
.555 95
Miscellaneous.
Marine and inland losses incurred during the year,
$181,592 00
UNITED STATES BRANCH OF THE "MARINE INSURANCE
COMPANY" (LIMITED), LONDON, ENGLAND.
Deposit Capital, $300,000.
PERCY CHUBB, Resident Manager.
Office, New York City.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, . ..... $100,00000
New York city bonds,
Pennsylvania Railroad bonds, ....
N. Y. Central & Hudson River R.R. bonds,
300,000 00
50,000 00
25,000 00
Market Value.
$111,000 00
300,000 00
60,000 00
25,000 00
$475,000 00 $496,000 00
MARINE INSURANCE CO. (LIMITED) .
423
Summary ok Assets Dec. 31, 1896.
. $496,000 00
15 05
12,011 37
70,477 61
19,578 71
9,342 22
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Premiums in course of collection (gross),
Kotes taken for marine and inland risks,
Reinsurance due,
Gross assets,
$607,424 96
Unadmitted.
Special deposits in other States, . . . $111,000 00
Cash not in control of trustees, . . . 12,026 42
Premiums in course of collection in excess of
unearned premiums, ..... 34,363 00
Balance,
157,389 42
$450,035 54
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
State and local taxes,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ....
Surplus over capital, .
$30,660 00
55,693 32
4,000 00
4,453 13
27,341 10
4,529 45
$126,677 00
2,895 06
123,781 94
$326,253 60
300,000 00
$26,253 60
Income.
Marine premiums outstanding Dec. 31, 1895, . $87,260 76
Premiums on risks written or renewed, . . 340,940 18
Total, $428,200 94
Premiums now in course of collection, . . 90,056 32
Entire premiums collected, .... $338,144 62
Less reinsurance and return premiums, . . 96,300 19
Net cash marine premiums received, . .
Interest and dividends received from all sources, .
Gross cash income,
$241,844 43
10,052 90
$251,897 33
424
NATIONAL ASSURANCE CO.
Expenditures.
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash paid for commissions and brokerage,
for salaries and incidentals,
for State and local taxes,
Remitted to home office, .
163,804 37
24,203 19
139,601 18
25,690 65
6,934 29
3,685 40
$86,294 72
Gross cash expenditures,
f 175,911 52
Risks and Premiums.
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total, ......
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$26,613,869 00
235,619,905 00
$262,233,774 00
229,067,142 00
$33,166,632 00
2,754,681 00
Premiums.
),061 69
340,940 18
391,001 87
330,507 34
,494 53
4,801 21
$30,411,951 00 $55,693 32
Miscellaneous.
Marine and inland losses incurred during the year,
. $140,886 00
UNITED STATES BRANCH OF THE "NATIONAL ASSURANCE
COMPANY," IRELAND.
Deposit Capital, $200,000.
GILBERT PALACHE, Manager.
Office, San Francisco, Cal.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Boston city bonds, $120,000 00 $126,200 00
Boston & Maine Railroad bond, . . . 20,000 00 20,900 00
150 shares Fitchburg Railroad stock, . . 15,000 00 13,725 00
Lynn city bond, 15,000 00 15,450 00
Old Colony Railroad bonds, .... 20,000 00 20,100 00
Reading (Pa.) city bonds, .... 10,000 00 10,450 00
$200,000 00 $206,825 00
NORTH BRITISH AND MERCANTILE INSURANCE CO. 425
Summary of Assets Dec. 31, 1896.
Stocks and bonds, as per schedule, . . . $206,825 00
Gross assets,
Liabilities.
Losses disputed or resisted, ....
Unearned premiums on outstanding risks,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Deposit capital,
$1,800 00
99 88
$206,825
1,899
00
88
.
$204,925 12
200,000 00
Surplus over capital, $4,925 12
Expenditures.
Cash paid for fire losses, $1,293 52
Cash paid for license and fees, 24 00
Gross cash expenditures, $1,317 52
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1895, . , . $679,009 00 $12,759 38
Deduct risks expired and terminated, . . 600,62100 12,129 48
In force at end of year, $78,388 00 $629 90
Miscellaneous.
Fire losses incurred during the year, ..... $1,257 00
UNITED STATES BRANCH OF THE "NORTH BRITiSH AND
MERCANTILE INSURANCE COMPANY," LONDON AND EDIN-
BURGH.
Deposit Capital, $200,000.
HENRY E. BOWERS, Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
United States bonds, ....
N. Y. Central & Hudson River R.R. bonds,
West Shore Railroad bonds,
New York, Lackawanna & W. R.R. bonds,
Manhattan Railway Co. bonds,
Delaware & Hudson Canal Co. bonds,
St. Paul & Northern Pacific Railroad bonds,
Chicago & Northwestern Railroad bonds,
Par Value. Market Value.
$945,000 00 |1,053,108 00
500,000 00 582,500 00
400,000 00 416,000 00
100,000 00 133,000 00
60,000 00 56,400 00
61,000 00 86,020 00
50,000 00 59,000 00
156,000 00 217,068 00
426
NORTH BRITISH AND MERCANTILE INSURANCE CO.
Baltimore & Ohio Railroad bonds, .
City of Boston, Mass., bonds, .
City of Providence, R.I., bonds,
City of St. Louis, Mo., coupons,
New York County stock, .
New York City stock,
City of Brooklyn, N. Y., bonds,
Massachusetts metropolitan water loan,
Alabama Class "A" coupon bonds, .
Virginia century bonds, .
Virginia deferred certificates, .
Milwaukee Underwriters' B'ld'ng Asso'n stock,
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Bills receivable taken for lire risks,
Reinsurance due, .....
Deposits with boards and exchanges,
Prem's more than three mos. due, $25,841 24
Gross assets,
Par Value.
$200,000 00
115,000 00
187,000 00
54,952 65
22,000 00
15,000 00
30,000 00
50,000 00
10,000 00
41,100 00
18,666 67
181 00
Market Value.
$180,000 00
124,225 00
210,842 00
56,925 00
26,620 00
17,100 00
30,900 00
54,250 00
10,250 00
24,660 00
1,120 00
181 00
$3,015,900 32 $3,340,169 00
31, 1896.
$3,340,169 00
22,810 38
252,345 13
55,546 00
387,610 81
2,780 36
389 97
1,250 00
$4,062,901 65
Unadmitted.
Special deposits,
Cash not in control of trustees,
United States bonds, .
Bills receivable,
Milwaukee Underwriters' stock,
Miscellaneous deposits,
$241,357 00
275,155 51
30,000 00
2,780 36
181 00
1,250 00
550,723 87
Balance, $3,512,177 78
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Balance to credit of special agents, etc.,
State and local taxes and other items,
$51,831 32
136,270 73
31,991 24
$220,093 29
12,857 20
$207,236 09
1,893,154 59
8,890 65
10,981 26
NORTH BRITISH AND MERCANTILE INSURANCE CO. 427
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, .
Surplus over capital,
$66,903 56
1,516 98
1,188,088 13
171,340 17
1,017,342 96
. $1,494,834 82
200,000 00
.,294,834 82
Income.
Fire premiums outstanding Dec. 31, 1895, . $445,540 73
Premiums on risks written or renewed, . . 2,897,528 62
Total $3,343,069 35
Premiums now in course of collection, . . 413,452 05
Entire premiums collected, .... $2,929,617 30
Less reinsurance and return premiums, . . 583,999 41
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
$2,345,617 89
159,651 76
Gross cash income, $2,505,269 65
Expenditures.
Cash paid for fire losses, $1,375,783 42
Deduct salvage and reinsurance, . . . 67,957 64
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, .
$1,307,825 78
396,455 57
208,454 57
57,673 16
99,952 76
$2,070,361 84
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$368,998,285 00 $3,887,955 20
276,616,925 00 2,897,528 62
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$645,615,210 00 $6,785,483 82
269,677,168 00 2,838,469 06
$375,938,042 00 $3,947,014 76
26,164,168 00 206,644 65
Miscellaneous.
Fire losses incurred during the year,
$349,773,874 00 $3,740,370 11
. $1,268,146 00
428
NORTHERN ASSURANCE CO.
UNITED STATES BRANCH OF THE "NORTHERN ASSURANCE
COMPANY," LONDON, ENGLAND.
Deposit Capital, $200,000.
GEO. W. BABB, Jr., Manager.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . $385,000 00 $425,425 00
Salem, Oregon, city bonds, .... 40,000 00 40,460 00
New York city water stock, .... 200,000 00 202,000 00
Boston city bonds, ...... 139,500 00 147,870 00
St. Louis city bonds, ...... 40,000 00 42,350 00
St. Paul city bonds, 50,000 00 56,000 00
Minneapolis city bonds, ..... 100,000 00 105,500 00
Massachusetts State bonds, .... 25,000 00 26,875 00
Pennsylvania Railroad bonds, .... 100,000 00 102,000 00
West Shore Railroad bonds, .... 50,000 00 53,625 00
Chicago city bonds, ...... 50,000 00 52,000 00
Omaha city bonds, ...... 100,000 00 107,000 00
Chicago, St. Louis & New Orleans R.R, . . 50,000 00 49,000 00
Chicago, Rock Island & Pacific Railroad, . 100,000 00 107,125 00
Chicago, Milwaukee & St. Paul R'y, . . 50,000 00 67,250 00
$1,479,500 00 $1,584,480 00
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $115,000 00
Stocks and bonds, as per schedule, . . . 1,584,480 00
Cash in the office of the company, . , . 5,405 76
Cash deposited in bank, ..... 82,632 37
Interest due and accrued, ..... 3,850 00
Premiums in course of collection (gross), . 214,468 08
Bills receivable, etc., ..... 3,335 97
Prem's more than three mos due, $4,280 46
Gross assets, ......
>,009,172 18
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Bills receivable, etc.,
$244,885 00
88,038 13
3,335 97
336,259 10
Balance, .......... $1,672,913 08
NORTHERN ASSURANCE CO.
429
Gross cash income,
Liabilities.
Losses adjusted, unpaid, $19, GOG 60
claimed and reported, .... 47,793 07
disputed or resisted, .... 21,236 00
Total amount of losses, $88,635 67
Less reinsurance, 4,919 89
Net amount of unpaid losses, .... $83,71578
Unearned premiums on outstanding risks, . 1,018,913 98
Due and accrued for rent, salaries, etc., . . 2,309 43
Commissions and brokerage, .... 27,778 44
Return premiums, reinsurance, etc., . . 34,612 64
Gross liabilities, except capital, . . $1,167,330 27
Deduct liability on special deposits, . . 111,330 83
Surplus as regards policy holders,
Deposit capital,
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all sources,
Received from home office,
$1,055,999 44
$616,913 64
200,000 00
$416,913 64
$220,380 84
1,411 86
$218,968 98
1,597,189 28
$1,816,158 26
217,336 68
$1,598,821 58
462,803 69
11,954 71
O 136,017 89
59,032 50
.,195,050 39
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash jjaid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Remitted to home office, .....
Gross cash expenditures, ....
$752,208 93
116,706 73
$171,978 07
$635,502 20
162,600 98
80,077 84
37,866 28
128,330 66
1,044,377 96
430
NORWICH UNION FIRE INSURANCE SOCIETY.
Risks and Premiums.
Fire risks outstanding Dee. 31,1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$175,740,576 00
140,624.271 00
$316,364,847 00
136,054,049 00
$180,310,798 00
4,564,743 00
Premiums.
$2,091,654 90
1,597,189 28
$3,688,844 18
1,622,104 64
$2,066,739 54
44,921 68
$175,746,055 00 $2,021,817 86
Miscellaneous.
Fire losses incurred during the year,
$598,073 00
UNITED STATES BRANCH OF THE "NORWICH UNION FIRE
INSURANCE SOCIETY," NORWICH, ENGLAND.
Deposit Capital, $200,000.
J. MONTGOMERY HARE, Resident Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $375,000 00
New York City water loans, .... 200,000 00
New York Central & Hudson Riv. R R bonds, 75,000 00
West Shore Railroad bonds, .... 57,000 00
Pennsylvania Company bonds, . . . 150,000 00
Chicago, Burlington & Quincy R.R. bonds, . 100,000 00
Chicago, Rock Island & Pacific R'y bonds, . 100,000 00
Lake Shore & Michigan Southern R'y bonds, . 118,000 00
Richmond City, Va., bonds, . . . . 50,000 00
Lehigh & Wilkesbarre Coal Co. bonds, . . 8,000 00
N. Y., Chicago & St. Louis bonds, . . . 100,000 00
Butler Co., Ohio, bonds, 50,000 00
St. Paul, Minneapolis & Manitoba R'y bonds, . 50,000 00
Long Island R.R. bonds, ..... 20,000 00
Cleveland, Lorain & Wheeling R'y bonds, . 50,000 00
Allegheny Valley R'y bonds 30,000 00
United New Jersey R.R. & Canal Co. stock, . 10,000 00
Chicago & Northwestern R'y Co. stock, . . 20,000 00
Rensselaer & Saratoga R.R. stock, . . . 17,000 00
St. Paul, Minneapolis & Manitoba R'y stock, . 30,000 00
Pitts., Ft. Wayne & Chicago R'y stock, . . 20,000 00
Chicago, Milwaukee & St. Paul R'y stock, . 20,000 00
Market Value.
$414,375 00
206,875 00
87,656 25
60,420 00
165,375 00
87,750 00
100,500 00
140,420 00
55,250 00
8,330 00
100,250 00
54,375 00
52,625 00
15,000 00
51,250 00
30,900 00
23,950 00
30,350 00
30,770 00
33,900 00
32,000 00
26,200 00
.,650,000 00 $1,808,521 25
NORWICH UNION FIRE INSURANCE SOCIETY.
431
Summary op Assets Dec. 31, 1896.
Loans on mortgage of real estate (first liens *), $40,000 00
Interest due or accrued thereon, . . . 150 00
Stocks and bonds, as per schedule, . . . 1,808,521 25
Cash in the office of the company, . . . 1,233 85
Cash deposited in bank, 234,319 49
Premiums in course of collection (gross), . 145,756 64
Reinsurance due, 17 67
Prem's more than three mos. due, $15,389 33
Gross assets,
$2,229,998 90
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$228,965 00
8,833 71
237,798 71
Balance, $1,992,200 19
Liabilities.
Losses adjusted, unpaid, . . . . .
claimed and reported, . . • .
disputed or resisted,
$90,482 10
50,269 05
8,755 00
Total amount of losses,
Less reinsurance, ......
$149,506 15
5,357 40
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
$144,148 75
1,185,860 18
2,803 40
31,878 40
Gross liabilities, except capital,
Deduct liability on special deposits,
$1,364,690 73
114,886 11
1,249,804 62
. $170,165 96
1,878,101 38
Surplus as regards policy holders, .
Deposit capital,
$742,395 57
200,000 00
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
$542,395 57
Total,
Premiums now in course of collection, .
. $2,048,267 34
161,145 97
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$1,887,121 37
374,376 19
$1,512,745 18
432 THE PALATINE INSURANCE CO., LIMITED.
Interest received on mortgages, $1,800 00
Interest and dividends received from all other sources, . . 77,226 26
Income from appreciation in bonds matured, .... 1,509 65
Received from home office, . . . . . $31,468 57
Gross cash income, $1,593,281 09
Expenditures.
Cash paid for fire losses, $932,535 98
Deduct salvage and reinsurance, . . . 49,079 79
Net cash paid for fire losses, . . . . $883,456 19
Cash paid for commissions and brokerage, .... 259,080 02
for salaries of officers and employees, . . . 130,345 78
for State and local taxes, ..... 21,747 94
for rent and incidentals, 115,634 29
Remitted to home office, $126,995 28
Gross cash expenditures, $1,410,264 22
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Premiums.
$233,350,313 00 $2,427,560 76
176,447,899 00 1,878,101 38
$409,798,212 00 $4,305,662 14
173,670,304 00 1,868,900 14
$236,127,908 00 $2,436,762 00
8,495,019 00 89,885 80
$227,632,889 00 $2,346,876 20
Miscellaneous.
Fire losses incurred during the year, $831,881 00
UNITED STATES BRANCH OF "THE PALATINE INSURANCE
COMPANY, LIMITED," OF MANCHESTER, ENGLAND.
Deposit Capital, $200,000.
WM. WOOD, Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $400,000 00 $442,000 00
Chicago, Rock Island & Pacific R.R. bonds,
West Shore bonds,
Missouri, Kansas & Texas Railroad bonds,
Brooklyn City & Newtown Railroad bonds,
200,000 00 209,250 00
139,000 00 149,078 00
100,000 00 81,750 00
50,000 00 54,500 00
THE TALATINE INSURANCE CO., LIMITED.
433
Baltimore & Ohio Railroad bonds, .
Chicago & Northwestern Railroad bonds,
New York city bonds, ....
Manhattan Railway bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago & Northwestern Railroad bonds,
N. Y.,Lake Erie & West. C. and R.R. bonds,
N. Y. Central & Hudson River R.R. bonds,
Beech Creek Railroad bonds, .
Baltimore & Ohio Railroad bonds, .
Chicago, Milwaukee & St Paul R.R. bonds,
N. Y. Central & Hudson River R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Oregon Railway & Navigation Co. bonds,
State of Georgia bonds, ....
Central of Georgia Railway Company bonds,
Pittsburgh, Cin., Chic. & St. Louis R.R. bonds,
Louis & Nash and Mobile & Mont. R.R. bonds,
Par Value.
$77,000 00
35,000 00
200,000 00
150,000 00
50,000 00
64,000 00
25,000 00
15,000 00
25,000 00
20,000 00
10,000 00
14,000 00
40,000 00
7,000 00
25,000 00
75,000 00
200,000 00
100,000 00
Market Value.
$69,085 00
38,850 00
200,000 00
141,000 00
48,750 00
64,000 00
25,250 00
15,750 00
26,375 00
18,400 00
11,475 00
16,170 00
39,200 00
7,919 00
25,938 00
86,250 00
205,333 00
105,500 00
!,02 1,000 00 $2,082,423 00
Summary of Assets Dec. 31, 1896.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank,
Premiums in course of collection (gross) ,
Certificates of deposit, . .
Prem's more than three mos. due, $ 23,099 93
Gross assets,
$2,082,423 00
7,457 32
311,907 63
399,756 76
50,000 00
$2,851,544 71
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$75,938 00
251,828 30
327,766 30
Balance, $2,523,778 41
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
$61,118 16
168,944 13
52,385 45
$282,447 74
22,412 13
$260,035 61
1,558,062 93
70,766 87
434
THE PALATINE INSURANCE CO., LIMITED.
Return premiums,
Reinsurance,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Gross cash income, ....
$28,356 40
6,673 61
11,923,895 42
40,555 67
$1,883,339 75
$640,438 66
200,000 00
$440,438 66
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Overdrafts paid,
Gross cash expenditures, .
Risks and Premiums.
$385,478 36
2,818.997 55
^3,204,475 91
422,856 69
52,781,619 22
534,169 10
sources, .
$2,247,450 12
3,000 00
86,187 07
f2,336,637 19
$1,503,436 75
40,190 73
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total, . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$305,252,666 00
252,116,936 00
$557,369,602 00
265,356,758 00
$292,012,844 00
8,592,756 00
$1,463,246 02
470,696 88
168,471 45
47,382 98
105,812 28
35,000 00
$2,290,609 61
Premiums.
$3,875,686 83
2,818,997 55
$6,694,684 38
3,454,266 19
$3,240,418 19
70,880 01
$283,420,088 00 $3,169,538 18
Miscellaneous.
Fire losses incurred during the year,
$1,376,090 00
PIKENIX ASSURANCE CO.
435
UNITED STATES BRANCH OF THE "PIKENIX ASSURANCE
COMPANY OF LONDON/' LONDON, ENGLAND.
Deposit Capital, $200,000.
A. D. IRVING, Resident Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $1,298,000 00 $1,456,020 00
Central of New Jersey bonds, .... 50,000 00 59,125 00
Chicago, Rock Island & Pacific bonds, . . 50,000 00 52,312 50
New York, Chicago and St. Louis bonds, . 50,000 00 52,125 00
West Shore bonds, 120,000 00 128,700 00
Pennsylvania Company bonds, . . . 25,000 00 27,875 00
Chicago & Northwestern sinking fund bonds, 43,000 00 47,300 00
St. Paul, Minn, and Manitoba bonds, . . 50,000 00 52,500 00
New York City bonds, 100,000 00 100,000 00
fl,786,000 00 f 1,975,957 50
Summary op Assets Dec. 31, 1896.
Stocks and bonds, as per schedule, . . . $1,975,957 50
Cash in the office of the company, . . . 670 03
Cash deposited in bank, 649,474 77
Premiums in course of collection (gross), . 217,543 38
Reinsurance due, . . . . 2,779 58
Prem's more than three mos. due, $8,793 82
Gross assets, — — $2,816,425 26
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$217,425 00
51,772 38
269,197 38
Balance, $2,577,227 88
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
120,220 00
295,500 00
35,792 00
$351,512 00
132,483 00
$219,029 00
1,419,408 63
436
PHCENIX ASSURANCE CO.
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, .
$33,111 37
148,992 41
L,850,541 41
103,998 25
Surplus over capital, .
1,746,543 16
$830,684 72
200,000 00
$630,684 72
Income.
Fire premiums outstanding Dec. 31, 1895, . $217,929 78
Premiums on risks written or renewed, . . 3,277,176 81
Total, $3,495,106 59
Premiums now in course of collection, . . 226,337 20
Entire premiums collected, .... $3,268,769 39
Less reinsurance and return premiums, . . 1,236,124 27
Net cash fire premiums received,
Interest and dividends received from all sources, .
. $2,032,645 12
71,245 00
Gross cash income, $2,103,890 12
Expenditures.
Cash paid for fire losses, $1,643,452 55
Deduct salvage and reinsurance, . . . 504,855 95
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$1,138,596 60
401,802 54
107,832 88
53,302 28
140,887 62
. $1,842,421 92
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$393,904,494 00 $3,800,228 74
354,440,060 00 3,277,176 81
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$748,344,554 00 $7,077,405 55
354,891,088 00 3,360,107 35
$393,453,466 00 $3,717,298 20
96,252,176 00 864,199 18
$297,201,290 00 $2,853,099 02
Miscellaneous.
Fire losses incurred during the year,
. $1,133,200 00
PRUSSIAN NATIONAL INSURANCE CO.
437
UNITED STATES BRANCH OF THE " PRUSSIAN NATIONAL
INSURANCE COMPANY, 11 STETTIN, GERMANY.
Deposit Capital, $200,000.
THEODORE W. LETTON, Resident Manager.
Office, Chicago, III.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States government bonds, . . . $200,000 00 $221,000 00
Baltimore & Ohio Railroad bonds, . . . 30,000 00 27,000 00
Beech Creek Railroad bonds, .... 30,000 00 31,650 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 30,000 00 34,500 00
Cleveland Terminal & Valley R.R. bonds, . 15,000 00 11,250 00
Erie Railroad bonds, ...... 10,000 00 13,900 00
Illinois Central Railroad bonds, . . . 8,000 00 8,320 00
Lake Erie & Western Railroad'bonds, . . 15,000 00 17,625 00
Lehigh Valley Railroad bonds, . . . 29,000 00 29,616 25
Louisville & Nashville Railroad bonds, . . 31,000 00 35,975 00
Metropolitan Elevated Railroad bonds, . . 12,000 00 14,310 00
Montana Central Railroad bonds, . . . 11,000 00 11,330 00
Milwaukee, Lake Shore & West. R.R. bonds, . 11,000 00 13,970 00
New York, Chicago & St. Louis R.R. bonds, . 30,000 00 30,187 50
Pennsylvania Railroad bonds, .... 30,000 00 . 33,000 00
Rochester & Pittsburg Railroad bonds, . . 14,000 00 16,870 00
St. Paul, M. & Manitoba Railroad bonds, . 5,000 00 5,837 50
St. Paul & Sioux City Railroad bonds, . . 26,000 00 34,060 00
Toledo & Ohio Central Railroad bonds, . . 16,000 00 17,200 00
$553,000 00 $607,601 25
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Bills receivable,
Due for reinsurance, . , . .
Gross assets,
$800 00
607,601 25
- 107 10
18,765 38
5,678 32
79,043 08
30 10
5,343 43
$717,368 66
Unadmitted.
Cash not in control of trustees,
Bills receivable,
,876 66
30 10
1,906 76
Balance, § 715,461 90
438
PRUSSIAN NATIONAL INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted, .
Total amount of losses, ....
Less reinsurance, . . . . .
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Reinsurance,
Incidentals,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Deposit capital,
$ 17,382 38
16,615 25
6,400 00
$40,397 63
1,349 61
$39,048 02
312,480 06
14,630 37
14,052 76
2,076 25
1,315 26
$383,602 72
$331,859 18
200,000 00
Surplus over capital, §131,859 18
Income.
Fire premiums outstanding Dec. 31, 1895, . $106,057 76
Premiums on risks written or renewed, . . 521,675 92
Total, $627,733 68
Premiums now in course of collection, . . 79,043 08
Entire premiums collected, .... $548,690 60
Less reinsurance and return premiums, . . 118,843 04
Net cash lire premiums received, . . .
Marine premiums written and collected,
Interest and dividends received from all sources, .
$429,847 56
5,890 72
24,995 19
Gross cash income, $460,733 47
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$282,357 86
12,866 40
$269,491 46
5,102 65
88,315 65
46,004 84
11,721 43
25,080 06
Gross cash expenditures,
$445,716 09
THE RELIANCE MARINE INSURANCE CO. (LIMITED). 439
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year,
$51,003,901 00
42,403,363 00
Premiums.
£650,061 00
521,075 92
$93,407,264 00 $1,171,736 92
42,866,734 00 540,371 58
$50,540,530 00 $631,365 34
1,973,975 00 24,150 66
$48,566,555 00 $607,214 68
$63,631 00 82,866 52
501,245 00 5,890 72
$564,876 00 $8,757 24
465,297 00 5,052 25
$99,579 00 $3,704 99
Miscellaneous.
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
$250,188 00
5,103 00
UNITED STATES BRANCH OF "THE RELIANCE MARINE IN-
SURANCE COMPANY (LIMITED) ," LIVERPOOL.
Deposit Capital, $300,000.
HIGGINS, COX & BARRETT, Attorneys.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value.
$25,000 00
200,000 00
United States bonds, .
New York city bonds and stock,
Brooklyn city bonds,
Boston city bonds,
Old Colony Railroad bonds,
Hereford Railroad bonds,
50,000 00
30,000 00
15,000 00
15,000 00
Market Value.
$27,500 00
196,000 00
52,875 00
30,000 00
15,375 00
14,550 00
$335,000 00 $336,300 00
440 THE RELIANCE MARINE INSURANCE CO. (LIMITED).
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in "bank, . . . .
Interest due and accrued, , . .
Premiums in course of collection (gross),
Reinsurance due, .....
Prem's more than three mos. due, $1,432 68
Gross assets,
31, 1896.
$336,300 00
10 88
5,891 22
2,050 00
36,845 21
3,621 38
$384,718 69
Unadmitted.
Cash not in control of trustees,
Reinsurance, .
^5,902 10
3,621 38
9,523 48
Balance, $375,195 21
Liabilities.
Losses claimed" and reported, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance, . . .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Deposit capital,
Impairment of capital,* .
$25,873 93
70 00
$25,803 93
38,107 50
7,216 52
1,000 00
10,870 78
82,998 73
$292,196 48
300,000 00
$7,803 52
Income.
Marine premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all sources,
Gross cash income,
),304 22
300,176 51
$320,480 73
38,277 89
$282,202 84
96,349 76
$185,853 08
12,272 01
$198,125 09
* Since rendering its annual statement the company has deposited in the hands of its trustees
Maine Central R.R. bonds, $15,000 par value.
ROYAL INSURANCE CO.
441
Expenditures.
Cash paid for marine and inland losses, . . $235,050 20
Deduct salvage and reinsurance, . . . 123,097 72
Net cash paid for marine and inland losses, . $111,952 48
Cash paid for commissions and brokerage, .... 21,072 78
for salaries of officers and employees, . . . 2,532 78
for State and local taxes, 677 90
for rent and incidentals, . . . . . 7,352 60
Gross cash expenditures, $143,588 54
Risks and Premiums.
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$2,550,454 00
55,365,581 00
$57,916,035 00
51,921,555 00
55,994,480 00
1,974,864 00
Premiums.
$25,367 13
300,176 51
$325,543 64
269,802 36
,741 28
17,633 78
$4,019,616 00 $38,107 50
Miscellaneous.
Marine and inland losses incurred during year (est. by dep't),
$118,142 00
UNITED STATES BRANCH OF THE "ROYAL INSURANCE
COMPANY," LIVERPOOL, ENGLAND.
Office, 85 Water Street, Boston.
Deposit Capital, $200,000.
SCULL & FIELD, Managers of the New England Branch.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $735,000 00 $865,812 50
Albany & Susquehanna Railroad bonds, . . 350,000 00 402,500 00
Brooklyn & Montauk Railroad bonds, . . 25,000 00 27,250 00
Central Railroad of New Jersey bonds, . . 200,000 00 236,000 00
Chicago, Burlington & Quincy Railroad bonds, 50,000 00 59,250 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 62,000 00 81,220 00
Chicago & Northwestern Railroad bonds, . 100,000 00 141,000 00
Chicago, Rock Island & Pacific R.R. bonds, . 100,000 00 132,000 00
Cin., Indianap., St. Louis & Chic. R.R. bonds, . 100,000 00 98,000 00
Cleveland & Pittsburgh Railroad bonds, . . 100,000 00 112,000 00
442
ROYAL INSURANCE CO.
Delaware & Hudson Canal Co. bonds,
Illinois Central Railroad bonds,
Lake Erie & Western Railroad bonds,
Michigan Central Railroad bonds, .
Milwaukee & St. Paul Railroad bonds,
Morris & Essex Railroad bonds,
N. Y. Central & Hudson River R.R. bonds,
New York, Chicago & St. Louis R.R. bonds,
New York & Harlem Railroad bonds,
N. Y., Lackawanna & Western R.R. bonds,
Pennsylvania Railroad bonds, .
Pittsburgh, Fort Wayne & Chicago R.R. bonds
Philadelphia & Reading Railroad bonds,
Rome, Watertown & Ogdensburg R.R. bonds
St. Paul, Minn. & Manitoba Railroad bonds,
Syracuse, Binghamton & N. Y. R.R. Co. b'ds,
United New Jersey R.R. and Canal Co. bonds
West Shore Railroad bonds,
Winona & St. Peter Railroad bonds,
Par Value.
$40,000 00
123,000 00
30,000 00
170,000 00
100,000 00
16,000 00
100,000 00
100,000 00
110,000 00
100,000 00
30,000 00
14,000 00
100,000 00
25,000 00
75,000 00
50,000 00
300,000 00
100,000 00
38,000 00
Market Value.
$57,200 00
135,000 00
34,800 00
188,360 00
129,000 00
22,560 00
122,000 00
104,000 00
122,100 00
135,000 00
33,500 00
19,040 00
103,000 00
29,750 00
89,250 00
70,500 00
336,000 00
107,500 00
48,260 00
5,443,000 00 |4,041,852 50
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate, . $1,757,156 24
Loans on mortgage of real estate (first liens *), 279,000 00
Interest due or accrued thereon, . . . 1,163 33
Stock and bonds, as per schedule, . . . 4,041,852 50
Cash in the office of the company, . . . 2,888 72
Cash deposited in bank, 421,409 39
Interest clue and accrued, ...... 1,750 00
Premiums in course of collection (gross), ; 734,864 65
Premium notes, ...... 2,788 85
Rents due, 13,137 38
Accrued interest on bank deposit, ... 30 00
Receivable for perpetual policies, . . . 1,385 10
Bills receivable, 385 46
Prem's more than three mos. due, $28,770 58
Gross assets,
',257,811 62
Unadmitted.
Special deposits in other States, . . . $270,000 00
Real estate not in hands of trustees, . . 65,000 00
Cash not in hands of trustees, .... 59,046 41
394,046 41
Balance, $6,863,765 21
* Total value of property mortgaged,
Amount of insurance held as collateral,
$642,500 00
282,000 00
ROYAL INSURANCE CO.
443
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Liability under life department,
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage,
Return premiums,
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
$45,494 51
474,711 37
58,598 02
$578,803 90
121,291 47
$457,512 43
3,983,448 48
215,873 09
120,000 00
5,428 21
12,507 47
142,890 64
23,665 10
155,678 89
3,303 21
£5,120,307 52
231,011 30
$4,889,296 22
Surplus as regards policy holders, .
Deposit capital, ....
Surplus over capital,
. $1,974,468 99
200,000 00
. $1,774,468 99
Income.
Fire premiums outstanding Dec. 31, 1895,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected, . . . . $6,158,907 67
Less reinsurance and return premiums, . . 1,413,275 28
Net cash fire premiums received, . . . $4,745,632 39
Interest received on mortgages, . . . . . . 14,055 00
Interest and dividends received from all other sources, . . 184,669 14
Income from rents, 31,667 57
Deposits received for perpetual fire risks, . $13,662 79
$683,755 13
1,505 77
>,249 36
6,241,576 62
^6,923,825 98
764,918 31
Gross cash income,
$4,976,024 10
444
THE ROYAL EXCHANGE ASSURANCE.
Expenditures.
Cash paid for fire losses, $3,036,069 59
Deduct salvage and reinsurance, . . . 325,929 02
Net cash paid for fire losses, .... $2,710,140 57
Cash paid for commissions and brokerage, .... 812,432 08
for salaries of officers and employees, . . . 310,457 62
for State and local taxes, ..... 123,738 99
for rent and incidentals, ...... 283,548 23
Deposits returned on perpetual fire risks, . $9,654 42
Gross cash expenditures, .
t,240,317 49
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Eisks and Premiums.
Premiums.
$859,755,862 00 $8,553,626 00
708,908,622 00 6,241,576 00
$1,568,664,484 00 $14,795,202 00
698,288,980 00 6,330,019 00
$870,375,504 00
85,644,599 00
5,465,183 00
572,792 00
Net amount in force, . . . . $784,730,905 00 $7,892,39100
Perpetual risks in force (not incl'd above), $9,182,822 00 $9,464' 12
Miscellaneous.
Fire losses incurred during the year,
. $2,661,801 00
UNITED STATES BRANCH OF "THE ROYAL EXCHANGE
ASSURANCE," LONDON, ENGLAND.
Deposit Capital, $200,000.
ROBERT DICKSON, Resident Manager.
Office, San Francisco, Cal.
Detailed Statement oe Stocks and Bonds.
Par Value. Market Value.
United States bonds, . . . . . . $301,600 00 $339,667 00
New York city bonds, 300,000 00 309,000 00
Boston city bonds, 22,000 00 24,310 00
Chicago city bonds, 40,000 00 41,200 00
$663,600 00 $714,177 00
THE ROYAL EXCHANGE ASSURANCE.
445
Summary of Assets Dec. 31, 189G.
Stocks and bonds, as per schedule, . . . $714,177 00
Cash in the office of the company, . . . 586 28
Cash deposited in bank, 11,720 65
Interest due and accrued, 5,886 00
Premiums in course of collection (gross), . 56,690 02
Reinsurance, 613 35
Office furniture, etc., . . . $2,419 66
Prem's more than three mos. due, . 300 00
Gross assets, $789,673 30
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$168,000 00
12,306 93
180,306 93
Balance, $609,366 37
Liabilities.
Losses adjusted, unpaid, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance, .....
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, . .
$10,125 00
1,500 00
$8,625 00
193,466 32
15,822 61
611 34
278 93
5218,804 20
13,783 00
205,021 20
$404,345 17
200,000 00
Surplus over capital, $204,345 17
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
),583 89
337,356 14
$376,940 03
56,099 00
$320,841 03
64,810 20
$256,030 83
446
THE ROYAL EXCHANGE ASSURANCE.
Marine premiums outstanding Dec. 31, 1895, .
Premiums on risks written or renewed, .
>5 65
8,188 59
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources, .
Received from home office, .... $350,200 00
$9
,141
24
891
02
$8
,253
22
477
72
$7,775 50
12,604 00
Gross cash income, $276,410 33
Expenditures.
Cash paid for fire losses, . . . . . $117,467 41
Deduct salvage and reinsurance, . . . 11,126 48
Net cash paid for fire losses, . . . .
Cash paid for marine and inland losses, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Remitted to home office, . . . . . $49,889 28
Gross cash expenditures,
$106,340 93
2,778 98
65,628 00
25,819 02
3,062 00
16,954 93
$220,583 86
Risks and Premiums.
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Total,
Deduct risks expired and terminated,
In force at end of year, ,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1895,
Marine risks written during 1896, .
Total
Deduct risks expired and terminated,
In force at end of year, .
Miscellaneous
Fire losses incurred during the year,
.$20,261,586 00
. 29,105,859 00
),367,445 00
. 16,329,129 00
.$33,038,316 00
. 2,357,167 00
Premiums.
$240,992 73
337,356 14
$578,348 87
197,523 51
,825 36
26,750 30
0,681,149 00
$354,075 06
$72,097 00
$129 81
2,894,238 00
8,188 59
$2,966,335 00
2,947,443 00
$18,892 00
£8,318 40
8,196 10
$122 30
$99,909 00
SCOTTISH UNION AND NATIONAL INSURANCE CO.
447
UNITED STATES BRANCH OF THE "SCOTTISH UNION AND
NATIONAL INSURANCE CO.," EDINBURGH, GREAT BRITAIN.
Deposit Capital, $200,000.
M. BENNETT, Manager.
Office, Hartford, Conn.
Detailed Statement of Stocks and Bonds.
United States bonds, .
County of Middlesex debentures,
City of Toronto bonds,
Ontario Railway subsidy bonds,
Canada inscribed stock, .
City of Richmond bonds, .
Georgia State bonds,
Freehold Loan and Savings Co. debentures,
New York City bonds,
Land Security Co. debenture,
Central Canada Loan and Sav. Co. debenture,
Chicago, Milwaukee & St. Paul R.R. bonds, .
Pitts., Cincinnati, Chic. & St. Louis R.R. bonds,
Cleve., Cincinnati, Chic. & St. Louis R.R. b'ds,
Boston & Maine Railroad bonds,
Central Railroad of New Jersey bonds,
Maine Central Railroad bonds,
Baltimore & Ohio Railroad bonds, .
City of Toledo, Ohio, bonds,
County of Milwaukee, Wis., building bonds,
County of Lucas, Ohio, court house bonds,
Staten Island Railroad bond, .
Chicago & Northwestern Railroad bonds,
Hartford Street Railway bonds,
Massachusetts metropolitan water bonds,
Par Value.
$50,000 00
3,000 00
1,500 00
41,529 60
100,000 00
52,500 00
25,000 00
25,000 00
200,000 00
25,000 00
25,000 00
50,000 00
25,000 00
30,000 00
50,000 00
50,000 00
40,000 00
26,000 00
50,000 00
35,000 00
100,000 00
25,000 00
50,000 00
100,000 00
100,000 00
Market Value.
$55,062 50
3,000 00
1,500 00
37,621 59
109,000 00
52,500 00
25,000 00
25,000 00
200,000 00
25,000 00
25,000 00
48,500 00
27,000 00
26,400 00
58,250 00
57,250 00
40,800 00
26,780 00
52,875 00
38,675 00
101,000 00
25,625 00
54,125 00
102,000 00
110,000 00
.,279,529 60 $1,327,964 09
Securities held as collateral for cash loans : —
32 shares Hartford Steam Boiler Ins. Co.,
40 " Pennsylvania Railroad Co.,
50 " Pennsylvania Railroad Co.,
10 « N. Y., N. H. & Hartford R.R., .
Brooklyn Wharf and Warehouse Co. bond,
30 shares North Chicago St. Railway Co.,
North Chicago Street Railway Co. bond,
Chic, Burl'gton & Quincy R'y Co. debentures,
Market Value. Loaned Thereon.
$ 3,840 00
2,070 00
2,588 00-
3,756 00
1,000 00.
6,000 00
1,000 00
2,000 00
$5,000 00
6,000 00
6,500 00
$22,254 00 $17,500 00
448
SCOTTISH UNION AND NATIONAL INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Special deposits in other States,
Cash not in control of trustees,
Unadmitted.
31, 1896.
$52,650 80
1,549,607 70
26,834 88
1,327,964 09
17,500 00
993 01
414,763 24
14,570 84
276,234 04
$346,062 50
108,960 06
5,681,118 60
455,022 56
Balance, $3,226,096 04
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
$109,152 10
188,553 00
31,595 20
1,770,233 21
25,875 00
3,283 74
52,128,692 25
279,900 52
1,848,791 73
. $1,377,304 31
200,000 00
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1895, . $253,956 70
Premiums on risks written or renewed, . . 3,056,243 54
Total, . . . . . . . . $3,310,200 24
Premiums now in course of collection, . . 276,234 04
Entire premiums collected, .... $3,033,966 20
Less reinsurance and return premiums, . . 709,287 54
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income, ....
.1,177,304 31
$2,324,678 66
78,811 10
51,163 75
$2,454,653 51
* Value of lands mortgaged, ...
Value of buildings thereon, .
Amount of insurance held as collateral,
$1,806,200 00
1,923,705 00
1,620,000 00
SUN INSURANCE OFFICE.
449
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$1,356,310 10
230,998 06
- $1,125,312 04
495,753 60
104,267 93
53,063 42
118,320 73
. $1,896,717 72
Fire risks outstanding Dec. 31, 1895,
Fire risks written during 1896,
Risks and Premiums.
Premiums.
$343,875,704 00 $3,117,505 17
306,295,544 00 3,056,243 54
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$650,171,248 00 $6,173,748 71
248,342,941 00 2,565,216 57
$401,828,307 00 $3,608,532 14
27,303,654 00 248,792 35
$374,524,653 00 $3,359,739 79
Miscellaneous.
Fire losses incurred during the year,
. $1,265,367 00
UNITED STATES BRANCH OF THE « SUN INSURANCE OFFICE,"
LONDON, ENGLAND.
Deposit Capital, $200,000.
J. J. GUILE, Resident Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, ...... $379,000 00 $433,306 25
Illinois Central leased line stock, . . . 30,000 00 27,675 00
Morris & Essex Railroad stock, . . . 4,800 00 7,872 00
Pittsburgh, Fort Wayne & Chicago stock, . 30,000 00 48,525 00
Rome, Watertown & Ogdensburg R.R. stock, . 25,000 00 29,250 00
Atchison, Topeka & Santa Fe bonds, . . 68,500 00 65,068 75
Baltimore & Ohio Equipment Co.'s bonds, . 50,000 00 50,500 00
Baltimore & Ohio receivers' certificates, . . 50,000 00 50,250 00
Central of New Jersey Railroad bonds, . - . 50,000 00 58,000 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 40,000 00 41,200 00
450
SUN INSURANCE OFFICE.
Cincinnati, Hamilton & Da} T ton bonds, .
Cleveland, Cincinnati, Chic. & St. Louis R.R.
Lehigh & New York bonds,
Lehigh Valley Terminal bonds,
Louisville & Nashville bonds, .
Louis. & Nash., Mobile & Montgomery bonds
Milwaukee, Lake Shore & Western bonds,
Minn., Sault Ste. Marie & Atlantic R R. bonds
Norfolk & Western Railroad bonds,
Northern Pacific Railroad Company bonds,
New York, Lake Erie & Western bonds,
Rio Grande Junction bonds,
St. Louis, Alton & Terre Haute bonds, .
St Louis Bridge Company bonds, .
Terminal R.R. Association of St. Louis bonds
West End Street Railway Co., Boston, bonds,
City of Dayton, Ohio, paving and sewer bonds
City of Sandusky, Ohio, paving bonds, .
City of Toledo, Ohio, street improvement b'ds
City of Youngstown, Ohio, township park b'ds
Harrison County, Ohio, court house bonds,
Lucas County, Ohio, court house bonds, .
City of Richmond, Va., bonds, .
City of Portland, Ore., water loan bonds,
Par Value.
$50,000 00
25,000 00
100,000 00
50,000 00
23,000 00
100,000 00
25,000 00
25,000 00
20,000 00
50,000 00
50,000 00
25,000 00
25,000 00
25,000 00
25,000 00
50,000 00
45,000 00
10,000 00
10,000 00
5,000 00
10,000 00
25,000 00
10,000 00
32,000 00
Market Value.
$51,000 00
22,250 00
90,500 00
54,000 00
26,680 00
103,000 00
27,750 00
22,500 00
21,700 00
56,500 00
67,400 00
21,125 00
25,875 00
31,750 00
26,500 00
52,250 00
50,625 00
10,360 00
11,200 00
5,500 00
10,400 00
24,750 00
10,380 00
36,160 00
$1,542,300 00 fl,671,802 00
Summary op Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, $7,343 50
Gross assets,
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$27Q,000 00
188,000 00
1,850 83
1,671,802 00
556 49
181,104 19
21,858 76
304,937 64
1,408 61
$2,641,518 52
$209,911 25
179,903 05
389,814 30
Balance, $2,251,704 22
* Value of lands mortgaged, $153,000 00
Value of buildings thereon, 142,000 00
Amount of insurance held as collateral, 127,000 00
SUN INSURANCE OFFICE.
451
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital, .
$73,270 86
97,065 72
9,540 00
1179,876 58
18,526 58
$161,350 00
1,389,488 90
1,316 67
58,287 53
3,375 61
1,393 38
U,615,212 09
140,300 71
,474,911
$776,792 84
200,000 00
$576,792 84
Income.
Fire premiums outstanding Dec. 31, 1895, . $304,628 25
Premiums on risks written or renewed, . . 1,915,808 61
Total, $2,220,436 86
Premiums now in course of collection, . . 312,281 14
Entire premiums collected, .... $1,908,155 72
Less reinsurance and return premiums, . . 350,479 93
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents, -
Gross cash income,
[,557,675 79
9,955 00
76,933 63
10,569 72
1,655,134 14
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$852,081 21
56,592 16
$795,489 05
281,939 31
83,478 83
38,903 77
152,126 43
$1,351,937 39
452
THE SVEA FIRE AND LIFE INSURANCE CO.
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1895, . $316,015,299 00 $2,956,880 91
Fire risks written during 1896, . . 196,977,105 00 1,915,808 61
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, . ,
5512,992,404 00 $4,872,689 52
194,191,560 00 1,937,260 48
$318,800,844 00 $2,935,429 04
15,582,804 00 137,198 17
$303,218,040 00 $2,798,230 87
Miscellaneous.
Fire losses incurred during the year,
$786,730 00
UNITED STATES BRANCH OF "THE SYEA FIRE AND LIFE
INSURANCE COMPANY, LIMITED," GOTHENBURG, SWEDEN.
Deposit Capital, $200,000.
WEED & KENNEDY, Managers.
Office, Hartford, Conn.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $200,000 00 $220,500 00
Pittsburgh, Cincinnati, Chi. & St. Louis R.R., 50,000 00 50,000 00
New York city bonds, . . . . . 55,000 00 58,775 00
$305,000 00 $329,275 00
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Gross assets, . . . .
Unadmitted
Cash not in control of trustees,
Balance,
31, 1896.
$329,275 00
45 51
40,067 61
423 34
43,909 61
. $413,721 07
11,707 39
$402,013 68
THE SVEA FIRE AND LIFE INSURANCE CO.
453
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Deposit capital, ....
$8,211 00
14,858 62
2,500 00
$25,569 62
2,057 20
$23,512 42
129,817 51
12,543 72
5,878 28
10 39
$171,762 32
$230,251 36
200,000 00
Surplus over capital,
,251 36
Income.
Fire premiums outstanding Dec. 31, 1895,
Premiums on risks written or renewed, .
$9,975 77
327,742 76
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
$337,718 53
43,909 61
$293,808 92
77,439 88
$216,369 04
6,287 31
Gross cash income, $222,656 35
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$66,972 10
6,728 69
$60,243 41
69,520 82
934 26
3,085 34
•
•
.
$133,783 83
454
THAMES AND MERSEY MAEINE INSURANCE CO.
Fire risks outstanding Dec. 31, 1895,
fire risks written daring 1896,
Risks and Premiums.
Premiums.
$3,887,149 00 $63,576 44
26,742,313 00 327,742 76
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
Miscellaneous
Fire losses incurred during the year,
,629,462 00 $391,319 20
11,073,888 00 129,947 06
,555,574 00 $261,372 14
1,503,882 00 22,001 58
$18,051,692 00 |239,370 56
$79,949 00
UNITED STATES BRANCH OF THE "THAMES AND MERSEY
MARINE INSURANCE COMPANY," LIVERPOOL, ENGLAND.
Deposit Capital, $300,000.
A. J. MACDONALD, Manager.
Office, New York, N.Y.
Detailed Statement of Stocks and Bonds.
United States bonds,
Chicago & Northwestern R'y Co. bonds, .
Alleghany Valley R'y Co. bonds,
Par Value.
$375,000 00
80,000 00
20,000 00
Market Valne.
$414,375 00
92,800 00
20,800 00
$475,000 00 $527,975 00
Summary of Assets Dec. 31, 1896.
$527,975 00
2,793 66
17,906 58
59,017 39
2,251 87
640 24
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Reinsurance,
Prem's more than three mos. due,
Gross assets,
1,170 32
$610,584 74
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
,875 00
20,700 24
103,575 24
Balance, $507,009 50
THAMES AND MERSEY MARINE INSURANCE CO.
455
Liabilities.
Losses adjusted and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Deposit capital, ....
Surplus over capital,
$65,736 00
31,563 00
$97,299 00
16,156 00
$81,143 00
83,685 00
5,453 99
12,405 89
5,185 00
$187,872 88
$319,136 62
300,000 00
$19,136 62
Income.
Marine premiums outstanding Dec. 31, 1895, .
Same not collected, ....
Net collected, ....
Premiums on risks "written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all
Income from all other sources,
Gross cash income,
$59,775 79
2,130 22
$57,645 57
506,186 72
$563,832 29
67,439 58
$496,392 71
136,429 89
sources,
$359,962 82
15,000 00
398 56
$375,361 38
Expenditures.
Cash paid for marine and inland losses, . . $292,460 83
Deduct salvage and reinsurance, . . . 71,190 07
Net cash paid for marine and inland losses, . $221,270 76
Cash paid for commissions and brokerage, .... 37,090 66
for salaries of officers and employees, . . . 20,894 44
for State and local taxes, 9,669 23
for rent and incidentals, 17,918 71
Remitted to home office, $76,041 70
Gross cash expenditures,
$306,843 80
456
THE THUKINGIA INSURANCE CO.
Risks and Premiums.
Marine risks outstanding Dec. 31, 1895, . . 16,259,525 00
Marine risks written during 1896, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Premiums.
$84,772 00
506,186 72
105,324,370 00
$111,583,895 00
104,670,205 00
>,913,690 00 $95,813 00
916,827 00 12,128 00
,958 72
495,145 72
1,996,863 00 $83,685 00
Miscellaneous.
Marine and inland losses incurred during the year,
. $248,808 00
UNITED STATES BRANCH OF "THE THURINGIA INSURANCE
COMPANY," ERFURT, GERMANY.
Deposit Capital, $200,000.
F. G. VOSS, United States Manager.
Office, Chicago, III.
Summary of Assets Dec. 31, 1896.
United States bonds,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
PrenVs more than three mos. due, $9 50
Gross assets,
$300,937 50
346 03
14,371 42
2,500 00
55,021 34
|373,176 29
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
,187 50
4,717 45,
64,904 95
Balance, $308,271 34
Liabilities.
Losses adjusted, unpaid, $5,576 58
Losses claimed and reported, . . . . 1,617 00
Unearned premiums on outstanding risks, . 56,232 58
Commissions and brokerage, .... 15,696 29
THE THURINGIA INSURANCE CO.
457
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ....
$422 63
320 53
$79,865 61
3,627 35
$76,238 26
$232,033 08
200,000 00
Surplus over capital, $32,033 08
Income.
Premiums on risks written or renewed, . . $120,244 08
Premiums now in course of collection, . . 55,030 84
Entire premiums collected, .... $65,213 24
Less reinsurance and return premiums, . . 20,159 97
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from commissions,
Gross cash income, .
$45,053 27
5,000 00
103 02
156 29
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for incidentals, ....
Remitted to home office, .....
Gross cash expenditures, ....
$2,784 61
475 89
$2,308 72
11,006 48
6,254 93
13,368 71
$2,500 00
■ • •
$32,938 84
Risks and Premiums.
Premiums.
Fire risks written during 1896, . . .$10,138,432 00 $120,244 08
Deduct risks expired and terminated, . . 1,296,218 00 16,697 35
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$,842,214 00 $103,546 73
431,795 00 4,617 43
1,410,419 00 $98,929 30
Miscellaneous.
Fire losses incurred during year (estimated by dep't), .
$9,502 00
458
UNION MARINE INSURANCE CO. (LIMITED)
UNITED STATES BRANCH OF THE "UNION MARINE INSUR-
ANCE COMPANY (LIMITED)," LIVERPOOL, ENGLAND.
Deposit Capital, $300,000.
JONES 8s WHITLOCK, Attorneys.
Office, New York, N. Y.
Detailed Statement of Stocks
New York city stock,
Eastern Railroad bonds, .
Boston & Lowell Railroad bonds, .
Boston & Albany Railroad bonds, .
Boston & Maine Railroad bonds,
Old Colony Railroad bonds,
United States bonds, ....
Atchison, Topeka & Santa Fe Railroad bonds
Pennsylvania Railroad bonds, .
Ohio & Mississippi Railroad bonds, .
Baltimore & Ohio Railroad bonds, .
Detroit, Grand Haven & Milwaukee R.R. bonds
Eastern Railroad bonds, . .
Baltimore & Potomac bonds, .
Certificate of deposit,
and Bonds.
Par Value.
$100,000 00
68,445 00
3,000 00
4,000 00
7,000 00
4,000 00
200,000 00
63,500 00
24,300 00
11,000 00
3,000 00
1,000 00
4,860 00
3,000 00
14,000 00
Market Value.
$98,500 00
81,365 10
3,120 00
4,260 00
8,242 50
4,223 75
233,990 00
42,397 50
30,861 00
11,000 00
3,045 00
1,000 00
5,686 20
3,660 00
14,000 00
|511,105 00 $545,351 05
SUMMAKY OF ASSETS DEC. 31, 1896.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Reinsurance,
Prem's more than three mos. due, $1,277 21
Gross assets,
5,351 05
11,073 47
37,980 04
618 75
470 60
$595,493 91
Special deposits in other States,
Cash not in control of trustees,
Unadmitted.
$114,080 00
11,073 47
125,153 47
Balance, $470,340 44
Liabilities.
Losses adjusted and reported,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
$18,556 89
613 37
$17,943 52
62,642 52
119 10
2,794 64
UNION MARINE INSURANCE CO. (LIMITED). 459
Return premiums and reinsurance, .
Trust funds,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, .
$20,474 62
817 99
$104,792 39
1,256 17
Surplus over capital,
Income.
Marine premiums outstanding Dec. 31, 1895, . $45,357 29
Same not collected, 1,173 69
$103,536 22
$366,804 22
300,000 00
,804 22
Net collected, $44,183 60
Premiums on risks written or renewed, . . 293,302 99
Total, $337,486 59
Premiums now in course of collection, . . 38,702 30
Entire premiums collected, .... $298,784 29
Less reinsurance and return premiums, . . 94,992 50
Net cash marine premiums received, . . $203,791 79
Interest and dividends received from all sources, . . . 21,963 27
Received from home office, . . . . $72,898 50
Gross cash income, $225,755 06
Expenditures.
Cash paid for marine and inland losses, . . $231,609 18
Deduct salvage and reinsurance, . . . 53,459 18
Net cash paid for marine and inland losses, . $178,150 00
Cash paid for commissions and brokerage, .... 20,349 63
for salaries of officers and employees, . . . 6,716 44
for State and local taxes, 5,090 10
for incidentals, 7,765 21
Remitted to home office, . . . . . $72,214 11
Gross cash expenditures, $218,071 
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